A Business Accelerator is a program designed to support early-stage companies in their growth and development. These programs typically provide resources such as mentorship, funding, and networking opportunities to help startups refine their business models and scale their operations. Participants often receive guidance from experienced entrepreneurs and industry experts.
Accelerators usually operate on a fixed-term basis, often lasting a few months, culminating in a demo day where startups present their ideas to potential investors. Well-known examples of business accelerators include Y Combinator and Techstars, which have helped launch numerous successful companies.