Programs, groups, and individuals that connect startups with mentors, resources, and funding to help build upon the startup’s foundations (idea or business model) and advance growth. Their involvement typically is for 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 (like incubators) in exchange for a certain percent equity in the company.
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.