Accelerator programs are sources of funding that provide startups with professional guidance, assistance, and networking in addition to startup capital. A startup accelerator program functions as a critical launchpad into the ecosystem that can deliver a critical advantage to new businesses.
Most startup accelerators are focused on a specific industry or market segment — programs will provide access to industry experts or mentors, advice, networking opportunities, and a strong sense of community amongst startup cohorts.
Some startup accelerators offer participants a modest amount of funding in exchange for equity. For example, some accelerators offers promising startups seed funding and access to a network of corporate partners.