A business accelerator is a program that helps established startups grow and scale. Think of it as a program that helps a hatched egg grow and develop.
Accelerators provide mentorship, office space, capital, resources, and a community of like-minded people.
To get into an accelerator, startups need to have products (MVPs) in the hands of early adopters. These startups compete to get into a business accelerator.
Accelerators usually run for six months or a year. At the end of the program, startups pitch their business to investors and potential partners.