This is the Biggest Benefit Accelerators Offer Startups

An accelerator is a cohort-based support program that runs for a fixed time period. By joining an accelerator program, startups are offered benefits like mentorship and educational workshops. At the end of it startups often compete in a pitch event or demonstration day (otherwise known as ‘Demo Day’). The experience for founders is that acceleration provides a process of intense, rapid and immersive education aimed at “accelerating” growth by compressing years’ of learning into just a few months. For those that compete in a pitch event, cash prizes in the form of funding can be won. The application process for most startup accelerators is open to anyone but it tends to be highly competitive. The biggest misconception about acceleration is that all startup accelerators will take equity in return for the support they provide. That simply isn’t true. Many accelerators will take equity but not all of them do. <a href="https://cambridgetricia.medium.com/the-biggest-benefit-accelerators-offer-startups-3e246ac4ef03">Website</a>