For early stage startups, accelerators and incubators offer great ways to grow their businesses. Here are some of the key differences between a startup accelerator and a startup incubator.

As a startup founder, getting the right support early on can make all the difference. Accelerators and incubators are two common paths, but they’re not the same thing.

Both offer valuable opportunities to grow your business and increase your chances of attracting top venture capital later on. However, their goals differ. Accelerators help scale existing businesses quickly, while incubators focus more on developing innovative ideas into full-fledged companies. And never forget: bootstrapping is often the best decision!

If you’re not sure how to make a decision, this might be just what you need :)

Accelerators: Speed Meets Growth

First up, the accelerator – think of it as a turbo boost for your already-existing startup. These programs are designed for businesses that are ready to hit the gas pedal and scale fast. The goal? To accelerate your growth, refine your business, and get you investment-ready in a few short months.

Here’s what you need to know about accelerators: