What is an Incubator?
A business incubator is a company that helps new and startup companies to develop by providing services such as management training or office space. The National Business Incubation Association defines business incubators as a catalyst tool for either regional or national economic development.
What is an Accelerator?
Startup accelerators, also known as seed accelerators, are fixed-term, cohort-based programs that include seed investment, connections, sales, mentorship, educational components, and culminate in a public pitch event or demo day to accelerate
The Difference Between Each One…
Accelerators “accelerate” growth of an existing company, while incubators “incubate” disruptive ideas with the hope of building out a business model and company. So, accelerators focus on scaling a business while incubators are often more focused on innovation.
Incubators and Accelerators: The Lemonaders Team has been involved with a number of incubators and accelerators throughout the country. Both of these are very popular and vital with the further development of consumer brands. We are partners with a number of related associations including the Angel Capital Association and the International Business Innovation Association. We are creating our own expansion fund that will be helping the development of brands (related to our Lemonaders Team) launching in 2020.
The Lemonaders Team helps clients understand the pros and cons of both the incubator and accelerator models and how to access them. We have a complete database of incubators and accelerators as well relationships with examples in both areas.
Crowdfunding Campaigns: There are a number of crowdfunding sources (of many kinds) ideal for the creation of a fundraising campaign. Kickstarter and Indiegogo are the two groups that are traditional for food, beverage and snack product efforts. Circle Up is all about consumer products and is involved with brands with a certain level of development.