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An accelerator is a program that supports early-stage, growth-driven companies through education, mentorship, and financing. The goal of an accelerator is to expedite the growth of these startups within a fixed, typically short, period.
Accelerators offer startups a specific amount of capital in exchange for equity. They also provide mentoring, training sessions, networking opportunities, and often co-working spaces. The duration is usually a few months, culminating in a public pitch event or demo day where the startups present their business to potential investors. Examples of accelerators include Y Combinator, Techstars, and 500 Startups.
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