According to The 2015 Global Accelerator Report, accelerator programs are launching every year in all regions throughout the globe. However, it's found its foothold in the U.S. and Canada.
In 2005, Paul Graham launched Y Combinator (YC), setting forth an entirely new business model known as the startup accelerator. YC provided housing for young startups in exchange for a stake in equity. The principle of the idea was that their investments would later generate profit through successful startup exits, and in turn create more capital to re-invest in even more startups.
