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# The application process is open to anyone but highly competitive. [[Y Combinator (company)|Y Combinator]] and [[TechStars]] have application acceptance rates between 1% and 3%.
# Seed [[equity investment|investment]] in [[Startup company|startups]] is usually made, in exchange for equity. Typically, the investment is between {{US$|20000}} to {{US$|50000}} in the US, or {{GBP|10000}} to {{GBP|50000}} in Europe.<ref name="accelerating-studies" />
# The focus is generally on small teams, not on individual founders. Accelerators generally consider that one person is insufficient to handle all the work associated with a startup. However, a number of 'founder first' accelerators exist that focus on solo founders including [[Entrepreneur First]], [[Antler (venture capital firm)|Antler]], Oneday and Underdog Accelerator.<ref>{{Cite web |title=Underdog Startup Accelerator {{!}} Expert Support to Launch Your Startup |url=https://underdogaccelerator.com/ |access-date=2023-08-14 |website=Underdog Startup Accelerator {{!}} Expert Support to Launch Your Startup |language=en}}</ref>
# The startups must "graduate" by a given deadline, typically after 3 months. During this time, they receive intensive mentoring and training, and they are expected to iterate rapidly. Virtually all accelerators end their programs with a "demo day", where the startups present to investors.<ref name="gilani21">{{Cite web |last=Gilani |first=Aziz |last2=Dettori, Gianluca |date=July 16, 2011 |title=Incubators in US and Europe - Speed and scale in capital formation |url=http://www.slideshare.net/dgiluz/accellerators-in-us-and-europe/21 |access-date=September 14, 2012 |publisher=Kauffman Fellow Program |page=21}}</ref>
# Startups are accepted and supported in cohort batches or classes (the accelerator isn't an on-demand resource<ref>{{Cite web |last=Christiansen |first=Jed |title=Seed Accelerator Definition |url=http://www.seed-db.com/about/view?page=definition |access-date=September 14, 2012}}</ref>). The peer support and feedback that the classes provide is an important advantage. If the accelerator doesn't offer a common workspace, the teams will meet periodically.
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