Okay, you’ve learned how to “incubate.” But how do you “accelerate”? Once considered a daring innovation, the business incubator is no longer a new idea. Almost every city has an incubator of some sort, usually a low-priced, co-location space for startup companies with some business support services. Now cities and economic development agencies are focused on “accelerators,” a kind of incubator on steroids that provides access to a wider range of startup services, including networking with peers and investors, and connecting businesses to university technology transfer offices and the like. The idea is not just to get businesses going, but also to speed their growth. Some accelerators are private, some are public, and some are attached to universities or other nonprofit entities.
To read the full, original article click on this link: Cities Push the Business ‘Start-up’ Envelope
