Accelerators help startups and entrepreneurs “accelerate growth” by providing mentoring, connections, education and often workspace and initial funding. Companies apply to join, and the best are picked to participate in a program, usually ending in a demo day where it is hoped the company can attract funding from angels or VCs.

Accelerators in the US

According to the Colorado Innovations Network, there were 12 incubators in 1980 in the United States. Today they say there are over 1,200.

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