An incubator helps entrepreneurs with the development and growth of their startup, with a focus on startup in an early stage, by thinking along with new business ideas, in order to market a product or service in the right way. When startups are joining an incubator they will commit for a longer period of time. In addition, an incubator focuses on startups at an early stage. This takes place on a long-term basis, with mentoring, financing and network support.
For accelerators, mentoring is given to entrepreneurs for a few months. They will receive help with financing and networking in order to work on their startup in a certain period of time. In this way, they can work on the success of their business through a program.