What’s an Accelerator?

An accelerator is a fixed-term program designed to help early-stage startups and growing businesses accelerate their growth by offering them resources such as mentoring, capital, guidance, networking, and operational support.  Accelerators normally work with a chosen few companies for a certain duration of time and assist them in developing their business model, product testing, customer acquisition, and even fundraising.

Most programs run for 3-6 months and end with a demo day, where founders pitch their business to a room of investors in hopes of raising their next round. In some programs, startups also get funding, which may come in return for equity as well as training, networking, and other types of business support.

A typical accelerator program ends with a Demo Day event, where startups pitch their companies to investors and partners, trying to raise more money.

A well-known start-up accelerator includes:

• Y Combinator
• Techstars
• 500 Global

How Can an Accelerator Help a Business?

An accelerator is useful for start-ups in that it:

• Refines the business model and growth strategies
• Connects start-ups to mentors, investors, and networks
• Builds a customer base and validates the market
• Enhances financial and administrative functions
• Prepares for fundraising and growth

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