An accelerator is designed for startups, and it represents a business support program offering education, mentorship and financing. Companies enter accelerators for a fixed period and as a part of a cohort of businesses. Besides receiving knowledge through mentorship customized to the specific vertical of the startup, it is also a good networking opportunity.
It creates value by introducing innovative ideas and people to each other, which results in business support as an outcome of their social network structure. It is an option through which early-stage companies can scale their businesses, benefit from various resources, and accelerate their growth.