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Startup accelerators have attracted a lot of buzz in recent years and multiplied in number too. Incubators support startups with a business idea, but no business model. Accelerators have a traditional business-like approach: they invest a specific sum in a startup and gain an equity share (around 7–8%) of the startup. Some of the best accelerators are notorious for taking no more than 1% to 3% of all applicants. Joining an accelerator is a good chance for your startup, but do not make the prospect of getting accepted make you overlook other viable opportunities.
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