Accelerators include programs, groups, or individuals that connect startups with mentors, resources, and funding. They build upon the startup’s foundations (idea or business model) in order to advance growth. Working with an accelerator typically involves a limited period of intense support and effort with a significant milestone achieved at the end. They often provide a space to work and shared resources (they can overlap with incubators in this way) in exchange for a certain percent equity in the company.
The following are examples of accelerators in biotechnology.
- The Top 40 Startup Accelerators and Incubators in North America in 2023
- Indie Bio – Accelerator providing seed funding, lab space, and an intense program to support early-stage biology companies in San Francisco and New York.
- DRIVE – Accelerator for companies addressing health security threats. Assists startups in the healthcare technology space with product development, business growth, and fundraising. See their list of regional accelerators.