We have discussed in a previous article about the differences between startup incubators and accelerators, together with some pieces of advice on how to adjust the opportunities that such a program can offer with a startup’s size, stage of development, timing and more.
In the following paragraphs we’ll talk about the ups and downs of opting for these two types of programs.
1. Incubator
Advantages:
- It provides entrepreneurs with office space, administrative and support services
- It grants companies access to a strong business network
- It helps entrepreneurs improve in areas such as public speaking and strategic thinking
- It offers assistance when it comes to financial and legal aspects of their business
