Differences between incubators and accelerators
| Incubator | Accelerator | |
|---|---|---|
| Customer | All science-based businesses (bio-tech, Nano, medical equipment, clean energy, etc.), non-technical business, includes people of all ages, genders and the experienced in related industries and sectors | Web-based, mobile app, social networking, game, cloud, software development etc. Business that does not require immediate massive investment, Business that can prove concept |
| Business model | Incubator business model is more than 90% non-profit purpose (It is made for profit by companies and investors.) | Business model primarily for profit |
| Sponsor | Universities, economic organizations, local organizations, government | Entrepreneurs and Investors |
| Selection process | Competitive selection in the community | Competitive selection in various regions and countries, worldwide |
| Duration | 1-5 years more (Avg. 33 months) | Short-term boot camps (1-6 months) |
| Investment | Do not usually invest directly | Usually invest between $180,000 and $250,000 per team. 4%-8% of ordinary shares |
| Facilities | Reasonable price or free office space during incubation | Meeting place during boot camps or long-term office space |
| Incubator | Accelerator | |
|---|---|---|
| Customer | All science-based businesses (bio-tech, Nano, medical equipment, clean energy, etc.), non-technical business, includes people of all ages, genders and the experienced in related industries and sectors | Web-based, mobile app, social networking, game, cloud, software development etc. Business that does not require immediate massive investment, Business that can prove concept |
| Business model | Incubator business model is more than 90% non-profit purpose (It is made for profit by companies and investors.) | Business model primarily for profit |
| Sponsor | Universities, economic organizations, local organizations, government | Entrepreneurs and Investors |
| Selection process | Competitive selection in the community | Competitive selection in various regions and countries, worldwide |
| Duration | 1-5 years more (Avg. 33 months) | Short-term boot camps (1-6 months) |
| Investment | Do not usually invest directly | Usually invest between $180,000 and $250,000 per team. 4%-8% of ordinary shares |
| Facilities | Reasonable price or free office space during incubation | Meeting place during boot camps or long-term office space |
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