If You are a climate-tech Startup, Would You Join An Incubator or Accelerator?

There is a rise in the number of climate-tech startups. In history, most startups failed in their early stages of growth. But in the climate-tech sector, would you opt for a business incubator or an accelerator?

Incubators help start-ups in their budding stages by offering startups supportive environments, in which they can execute their business ideas and make them viable ventures. In addition to mentorship, incubators offer workspaces, infrastructure, resource accessibility, and networking opportunities.

For startups, incubators are focused more on establishing strong foundations, including product development, refining business models, and doing market research.

They allow startups to grow at a steady pace.

On the other hand, accelerators are more focused on fast-tracking startups toward the next growth level. Moreover, they don’t extend aid often for more than a few months.

They focus only on startups that already have proven business models and have the potential to grow fast. climate-tech accelerators have an agenda that’s organized and considered to address specific challenges. Those challenges include customer acquisition, market expansion, and fundraising. climate-tech startups that have just started with an idea and are yet to go beyond that should opt for incubators. Meanwhile, accelerators are helpful only to startups with a proven business idea.