If you have not yet heard of business accelerators and incubators, in this post we explain what they are and why they are so important for all those companies that need a boost, either to consolidate as a company or to move towards success. Various studies have shown that this type of initiative helps to reduce business failure, making entrepreneurship a more accessible process with great chances of success. Ready to take off your business?
Difference between business incubator and business accelerator
These are two concepts that are often used together, since they imply processes belonging to the same scope. However, we can find key differences that must be taken into account to choose the best option if you are thinking of presenting an idea or project at one of your events.
Incubators or business incubators
This initiative arose in the United States in the 50s, by the hand of universities that sought the creation of innovative products related to technology by the hand of their students. Although, the concept as we know it today did not emerge until the 1980s.
Over time, the services that this type of initiative offers evolve and adapt to the new needs of entrepreneurs and their projects. Although, its main objective is to provide the necessary resources for the creation, development and maturity of business innovations. In short, they try to reduce the risk of failure of these new companies.
In general, they tend to be divided according to the sector they promote, such as technological, social, cultural, agricultural incubators, etc. Many of them are located in the geographical area in which that sector can obtain more possibilities of success.
The first business accelerator as such was created in 2005, so there is a big time difference with the creation of the previous one. Its main objective is focused on investments, not only to create new companies, but to promote new ideas. There are three characteristic elements that define the meaning of accelerators and that add more value to accelerated companies:
- Personalized advice
In addition to these benefits, there are many other secondary benefits that are generated by the simple fact of participating in this type of event. A clear example is the network of business contacts and the enriching experience of the discipline taught in the acceleration programs.
Unlike incubators, which reduce the risk of business failure by protecting the business from market forces, accelerators increase the pace of the process of bringing companies to market. We have relied on the following dimensions to shed some light on the differences between the two.
Top incubators and accelerators of 2019
If you want to find out more about this type of resource for companies, we suggest you take a look at the list that we have created below:
Cloud Incubator (HUB)
Oriented to startup creation from the field of Information and communication technologies, this incubator/accelerator that offers advice, collaborative spaces and training, among other services, for those who need to consolidate themselves as a company.
The methodology of this center has made it chosen by several rankings as best incubator/accelerator in Spain of the year 2018.
It is an accelerator that aims to promote business projects with high social impact, in order to achieve economic and social profitability in Spain. If you have an idea that can improve any of the social and/or environmental problems of Spanish society, this could be a great option for you.
Mentor Day Accelerator
It is another of the best accelerators in Spain that you can find. They are based in the Canary Islands, and usually organize their specific theme events in certain weeks of the year, thus giving the possibility to entrepreneurs to present their projects.
Located in Barcelona, this accelerator offers a workspace to companies, with the objective of create positive synergies between them and promote knowledge sharing. It also offers a network of mentors whose experience in entrepreneurship is its main advantage.
In this case, this business incubator connect the best business opportunities with the best entrepreneurial ideas. A very enriching experience and with the ability to increase chances of success of the most innovative ideas. You will find its headquarters in Valencia.
These are some of the many resources available to you if you need a help to launch your business or your idea. We know that find someone to support you It is not an easy task, that is why we want to help you by offering you all the information you need so that you get your business goals.
If what you need for your business is financing immediately, contact us. Are alternative financing experts, and we study the situation of our clients to find them the best option, and give them that financial push that they need so much
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