BUSINESS INCUBATOR AND ACCELERATOR FOR STARTUPS

Abundance Consulting Group will offer both business incubator and business accelerator services and expertise for startups and existing businesses.

Apparently, the business incubator grows your business idea from “scratch” - same as with the chicken incubator, the startup incubator rises every business almost entirely from scratch; if we draw the parallel with growing a plant, accelerator is a “greenhouse” of a sort that creates favorable situation for your “plant” to flourish; an incubator actually combines seeds of a good quality with some growth-provoking soil. Basically, incubators only work with businesses that are on the earliest point of their roadmap, providing a range of services for them.

On the other side we have pre- and accelerator program, which is supposed to “boost” your business. Well-aware, the verb “to accelerate” means to increase rapidly in rate, amount or extent. The acceleration process is something that does not start right from scratch, from the part where the blunt idea spurs.

An accelerator can be defined as a pressured programs that help entrepreneurs at the seed-stage of development. A great definition of seed stage is given by Fundingsage - "During this early stage, the entrepreneur approaches investors including friends, family and angel investors seeking financial support for their idea, concept, or product."

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