While the novel coronavirus is taking a toll on the nation’s economy and small businesses, some companies within the sector that are backed by accelerators are finding ways around obstacles created by the pandemic.
Unlike incubators, which help aspiring entrepreneurs hone their ideas, an accelerator helps small businesses find a road to profitability and access to investors. Over the past 15 years, the number of accelerators has risen substantially, investing an estimated $20 billion in more than 5,000 U.S. startups, according to the Harvard Business Review.
