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Today : Saturday Nov 23 2024

An accelerator is a specific and integrated structure formed to support and develop innovative and knowledge-based entrepreneurship and to achieve the following goals:

• Helping to shorten the development process of a new business

• Helping to improve the quality of products and services, and the financial sustainability of new business

• Training startups accepted in parallel and in group form because startup groups are enter and exit at certain times (as opposed to the model of growth centers that operate one-by-one and in the form of cases)

• Participating in the intensive business development process for a limited period (maximum of six months)

• Having a business-based educational syllabus

• Providing coaching or mentoring and guidance and advice from experienced entrepreneurs and young entrepreneurs

In addition, (not all) accelerators are distinguished by the following features:

• The process of selection and highly competitive arbitration

• Providing initial capital

• Introducing entrepreneurs to possible investors

• Period of three-four months

• Joint workspace with help and price reduction for access to administrative infrastructure and services

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