The Difference Between Incubator And Accelerators

  • Going from idea to reality: Much like for a newborn, an incubator can be a life sustaining device for Startups in their early stages. They provide the necessary hand holding in key areas of business as well a safe and secure ecosystem to grow in, helping them build sustainable and viable business models. Incubators help create a prototype from an idea on paper, test it, build a business model around it and help taking it to the market. An incubator does not necessarily need an MVP to back the business
  • Duration of engagement: Incubators are usually more open ended or have a longer mentoring framework, like the Kerala Startup Mission which is almost a 11 month programme. Accelerators on the other hand are more fixed term in their engagement cycle, in some cases maybe short term (y combinator, Startup Bootcamp), cohort bound and intense
  • Access to Capital: Incubators are more like entrepreneurial hubs that help with capital access as well as provide a Co-working space at minimal or no cost.
  • Selection process: While Incubators usually have a more personalized process based on inviting applications, interviews and one on one short listing process, Accelerators use an application based process.

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Afthonia Lab

Afthonia Lab

Afthonia focuses on early stage startups in Fintech and provides them with a trusted ecosystem to grow and succeed. #incubator