Definition of’Accelerator Program’
An accelerator program is used by a startup business to connect with entrepreneurs and investors in order to speed up the process of developing and scaling its business idea, and gain access to funding. The programs typically run an application process for new businesses once a year.
A business accelerator program combines some of the features on an incubator program (the provision of office space and business services to startups), with small amounts of funding and short term (typically 3 months) in depth coaching and mentoring support from the local business community. In return for this the accelerator program will take a small equity holding in the business.
An incubator program differs from an accelerator program in that it tends to be longer term (sometimes years), focusing on building the business infrastructure and taking a much larger investment in the business.
For further information see the Wikipedia equity accelerator program definition.
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