What is the difference between an incubator and an accelerator?

Startup accelerators and startup incubators assist entrepreneurs in the journey toward becoming successful companies, but each in their own way. However different these two processes are, many people confuse them and use the terms interchangeably.

Accelerators focus on a shorter duration (e.g. 12-week intensive programs that often include capital for private sector start-ups). We do not offer an accelerator program specifically, but if you have a for-profit idea that has investment potential, we are well networked with the accelerator community and can guide you in that direction. Incubators are longer in duration, offering mentorship and focusing less on quick growth and more on becoming successful at the right pace with continuous attention and support as needed.