What is an accelerator?
Accelerators give teams of entrepreneurs the opportunity to work on their products alongside an experienced network of mentors. Teams are often awarded a cash amount ranging from $18-$25K in exchange for equity in the company.
Why apply to an accelerator?
Mentors lend connections to industry partners and venture capitalists, as well as provide critical feedback on the direction products are headed. Overall, accelerators cultivate a unique learning environment designed to facilitate the rapid growth of entrepreneurs who enroll.
How much time does a company spend inside of an accelerator?
Accelerator programs typically operate over cycles lasting three months. It just depends on the accelerator and the goals of the directors. Some accelerators run multiple cycles per year.