The Danish Startup Ecosystem Guide 2024 - Magazine - Page 50
INCUBATORS & ACCELERATORS
hile the two terms are often used interchangeably,
there are some differences
between incubators and
accelerators - primarily in terms of the
stage of the startups they work with.
Incubators are programs that provide
resources and support to early-stage startups, often in the idea phase. They help
hatch the 昀椀nished idea into a real startup.
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The programs offer a range of services
including mentoring, training, of昀椀ce space
and access to funding. The goal of an incubator is to help young startups develop their
ideas, re昀椀ne their business plans and build
their teams. Danish startup incubators are
usually also linked to a 昀椀xed location such
as a university, coworking space or science,
technology and development park.
Accelerators, on the other hand, are
programs that help startups grow and
scale. They typically last 3-6 months and
don’t require you to move into a speci昀椀c
location. Accelerators focus on startups
that have already launched their product
or service and are looking to expand.
Accelerators offer similar services as
incubators, but they are often more focused on helping startups access funding
and scale their businesses quickly.
The Guide