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What is an Accelerator?
A startup accelerator is a company that provides support, both financially and as an educational mentorship, to startup companies. Multiple startup companies typically will be involved with the accelerator as they work to accelerate the early stages of their companies.
The learning curve for startups usually takes years, but an accelerator program attempts to teach it all in a few months. Accelerator companies usually take an equity percentage of the startup in exchange for investing money and time into the business.
What Type of Companies are Accelerators For?
Accelerators are for startup companies that are looking to receive both financial and educational mentorship from experts in their fields.