Business incubators and accelerators are two different types of business support systems that help new startups with the initial stages of their development. Accelerators usually offer a more intense experience, while incubators offer more time to develop the business.
An accelerator is a program that provides funding, mentoring, and networking opportunities to startups in order to increase their chances of success. They typically last 12-18 months and provide seed funding to new companies. Some accelerators also provide equity in the company in exchange for participation.
Business incubators are places where entrepreneurs can start up their own businesses by renting space, getting advice from mentors, and receiving some seed money from a larger organization or fund