Accelerators are programs designed to help startups grow quickly by providing resources, mentorship, and funding. They typically last a few months and culminate in a "demo day," where entrepreneurs pitch their ideas to potential investors. By connecting entrepreneurs with experienced mentors and a network of investors, accelerators aim to fast-track the development of innovative businesses.
These programs often focus on specific industries or technologies, such as healthcare or technology. Participants benefit from workshops, networking events, and access to valuable tools that can help them refine their business models. Overall, accelerators play a crucial role in fostering entrepreneurship and innovation.