Definition

Joining programs that offer support, advice, and sometimes space for new businesses. Such support helps get ideas off the ground quickly.

What to consider

  • Understand the program’s expectations.
  • Be prepared for an intense schedule.
  • Consider the equity trade-off carefully.

Real world scenarios

  • A tech startup participates in a 12-week accelerator program in Silicon Valley to scale rapidly.
  • An entrepreneur uses accelerator mentorship to fine-tune his pitch for investors.
  • A small business gains access to seed funding and expert guidance through an accelerator.

Related terms

Entrepreneurial Finances