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What is the difference between incubator and accelerator?



Alex & Simone


The difference between an incubator and an accelerator is that an incubator is more focused on fleshing out business ideas and aiding startups every step of the way; meanwhile, an accelerator focuses on expediting the growth of existing businesses and companies with a minimum viable product. Incubators are known to have a more flexible time frame, ending when a startup can successfully pitch its product to consumers. The timeline of accelerators is significantly shorter, typically only spanning a few months. During this time, accelerators will provide startups with immense aid and resources, including mentorship, funding, and networking help.