Accelerator programs are structured initiatives designed to support early-stage startups in their growth and development. These programs typically provide resources such as mentorship, funding, and networking opportunities over a fixed period, often lasting a few months. Participants usually receive guidance from experienced entrepreneurs and industry experts, helping them refine their business models and strategies.
At the end of an accelerator program, startups often present their ideas to potential investors during a demo day. This event allows them to showcase their progress and attract funding to further their ventures. Notable examples of accelerator programs include Y Combinator and Techstars.