What’s the Difference Between Startup Accelerator and Incubator?
Startup Incubator vs. Accelerator
|http://hassadityhair.com/product-tag/eurasian/ Distinguishing Characteristics||http://elpasoarc.com/tag/how-to-build/ Startup Accelerator||get link Startup Incubator|
|Duration||3-6 months||1-5 years|
|Education||Ad-hoc, Human resources, legal, etc||Seminars|
|Mentorship||Minimal, tactical||Intense, by self and others|
|Business Model||Rent; non-profit||Investment; rarely non-profit|
Casey Allen’s View (Startup Accelerator vs Incubator)
Incubators say, “We’ll give you space for free or cheap. That will give you a great start.”
Accelerators say, “We’ll give you mentors and a little bit of seed capital. That will give you a great start. Oh, and we’ve got some co-working space, but that’s minor.”
Incubators say, “We’ll make intros to great PR folks and lawyers if you want — it’s optional.”
Accelerators say, “We’ll bring lawyers and marketing folks into give you disgustingly actionable talks and allow you to ask them whatever you’d like. But you don’t have to hire them. It’s just part of your experience because we know you don’t know what you don’t know.”
Incubators say, “Stay as long as you want. We want to see you succeed.”
Accelerators say, “You’ve got 8 or 12 or 15 weeks to gain some serious traction. But we expect massive iteration out of your team. Because we want to see you succeed.”
Incubators say, “We foster small business creation with a joint partnership between the county, the state, and a consortium of regional nonprofits dedicated to sparking job and economic growth” or some stupid fucking hogwash like that.
Accelerators say, “We fund you, connect you, and drown you with mentoring and knowledge. We help you kick ass. It’s our money, so you’d better kick ass.”
Incubators say, “Sign on this dotted line which keeps you here in Kansas City or Atlanta or Calgary for 5 years.”
Accelerators say, “Go wherever you think you can kick ass. We’ve always got your back.”
Incubators say, “Cleantech? It’s popular. We’ll help incubate them!”
Accelerators say “Cleantech? Astoundingly tough to launch. No ROI. We can’t go near ’em.”
It’s a philosophical difference, and it’s not a small one. The concept of an incubator has already died, the term has just never had a proper burial. I wish it would.