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Entrepreneurship is not an easy road and the more you grow the more challenges you face. From awareness and sustainability of businesses to regulations associated with legality and enforceability, the list of challenges is long. Given these challenges, it can be hard to get started on your entrepreneurial journey without guidance and assistance. So how does one move forward and get ahead? Where do entrepreneurs get their dose of skill and know-how supplements to turn their startup ideas into reality? Incubators have an answer to the problem. Whether you are just getting started or are looking to startup, incubators can serve as a great platform to give you that much-needed support and push to build a solid foundation. Many people confuse incubators and accelerators. However, the difference lies in the name. Similar to an incubation chamber, incubators help the seeds of startup ideas germinate and evolve into the beginnings of future organisations. On the other hand, accelerators “accelerate” already nascent startups into maturity. Incubators tend to be slightly long-term associations while startup founders find their calling, while accelerators focus on fast growth in a relatively short time.
