Startup accelerator: Difference between revisions

Revision as of 13:13, 26 August 2024

Revision as of 13:34, 2 October 2024

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{{Short description|Company that invests in and supports startups}}

{{Use mdy dates|date=March 2023}}

'''Startup accelerators''', also known as '''seed accelerators''', are fixed-term, [[Cohort (educational group)|cohort-based]] programs, that include [[mentorship]] and educational components, and culminate in a public [[sales pitch|pitch]] event or [[demo day]].<ref>{{Cite journal |last=Cohen |first=Susan |year=2013 |title=What Do Accelerators Do? Insights from Incubators and Angels |journal=Innovations |volume=8 |issue=3–4 |pages=19–25 |doi=10.1162/inov_a_00184 |doi-access=free}}</ref> While traditional [[business incubator]]s are often government-funded, generally take no equity, and rarely provide [[funding]], accelerators can be either privately or publicly funded and cover a wide range of industries.<ref>{{Cite journal report|last1=Bone |first1=Jonathan |last2=Allen |first2=Olivia |last3=Haley |first3=Christopher |year=2017 |title=Business Incubators and Accelerators: the National Picture |url=https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/955469/business-incubators-accelerators-uk-report.pdf |publisher=UK Dept of Business, Energy and Industrial Strategy}}</ref> Unlike [[business incubators]], the application process for seed accelerators is open to anyone, but is highly competitive.<ref name="accelerating-studies" /> There are specific accelerators, such as [[corporate accelerator]]s, which are often subsidiaries or programs of larger corporations that act like seed accelerators.<ref>{{Cite web |last=Crichton |first=Danny |date=August 25, 2014 |title=Corporate Accelerators Are An Oxymoron |url=http://techcrunch.com/2014/08/25/corporate-accelerators-are-an-oxymoron/ |access-date=June 17, 2015}}</ref>

==Distinctive qualities==