Story excerpt provided by TechRepublic.
Written by Conner Forrest.
Startup founders looking to start off on the right foot often turn to a startup accelerator or startup incubator for help.
The terms “accelerator” and “incubator” are often assumed to represent the same concept. However, there are a few key distinctions that first-time founders should be aware of if they are planning on signing up.
Accelerators and incubators both offer entrepreneurs good opportunities early on. Founders get help to quickly grow their business and they often better their chances of attracting a top VC firm to invest in their startup at a later point. Still, the programs are different frameworks for startup success.
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Originally published November 17, 2014.