Startup incubators are a growing trend and a great thrust to support first time entrepreneurs across India. There are all kinds of efforts in this direction – Govt supported Institute based technology incubators, Private business incubators started by industry veterans and startup accelerators supported by companies and VC funds. Individually there are differences between how they incubate, structure the program, operate, support/fund and accelerate the ventures. We have tried to cover the fundamentals of each of them succinctly, but readers will do good to dive in each entity to understand more.
Difference between Incubators and Accelerators:
We would like to talk about one major difference though. We generally hear two terms more often than others – Incubators and Accelerators – and people use them interchangeably. So what is the difference between the two ? Are they same ? The definitions of the terms is the answer.
Accelerators accelerate the speed of your business. In most cases an existing business or an idea. The programs are short and intense. They help you hone your idea and build it out. Whereas incubators incubate your early pre-product idea, help you make a prototype, and further make a product out of it. The engagement is longer than an accelerator. There are more nuances to above, but you can start with this fundamental definition.
Business Incubators and Accelerators in Bangalore
Business Incubators and Accelerators in Ahmedabad
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