Question: What is the difference between a business accelerator and a business incubator? — Lincoln
Answer: Terms such as business accelerator and business incubator are sometimes used in different contexts depending on the business, industry, and even geographical area. In general, both are focused on assisting startup businesses, but in slightly different ways.
Generally speaking, a business incubator provides a support community for a start-up business to be successful. This may entail providing physical space, consulting support and even resources in the form education, training or strategy. The idea is that if you put many different new business in the same environment, there will be synergies that are created. The tenants will support each other through similar challenges of starting and maintaining a business.
