Accelerators vs. Incubators

Unlike small business incubators, which offer centralized office space and shared services to startup companies, business accelerators operate as “boot camps” for early stage companies to prepare them to seek venture capital funding.  The hope is to grow portfolio companies, and thereby expand employment and economic activity in Westchester County.  Only a few companies are accepted into an accelerator through a highly selective process.  Accelerators provide access to legal, accounting and marketing services, partnerships with universities, opportunities to work with established businesses in the early-stage company’s field, and access to seed financing.  Once a company reaches the next stage of growth, it “graduates” and a new early-stage startup takes its place.

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