Asked by Brianda Martinez on Feb 18, 2024
Verified
An accelerator is an organization that helps early-stage entrepreneurs to refine an idea while also providing access to resources; an incubator is an organization that provides tailored support for existing startups that have already built a successful product or service.
- Understanding the difference between an accelerator and an incubator
- Recognizing the role of an accelerator in refining early-stage ideas
- Understanding the role of an incubator in providing support to existing startups
Verified Answer
MM
Maddy Metcalf
Feb 18, 2024
Final Answer :
False
Explanation :
The definitions given in the statement are actually reversed. An accelerator is an organization that provides tailored support for existing startups that have already built a successful product or service, while an incubator is an organization that helps early-stage entrepreneurs to refine an idea while also providing access to resources.
Learning Objectives
- Understanding the difference between an accelerator and an incubator
- Recognizing the role of an accelerator in refining early-stage ideas
- Understanding the role of an incubator in providing support to existing startups
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