via Carolyn M. Brown of BlackEnterprise.com
These programs provide budding entrepreneurs with several resources from coaching to funding
Startups and early-stage business owners looking for intense entrepreneurial training that could lead to exponential growth should consider participating in a venture incubator/accelerator. These programs usually require a full-time commitment at a facility for several months in exchange for aggressive business plan coaching, entrepreneurial mentoring, networking, and for some eventually an equity stake in the company, usually somewhere between 4% and 8%.
At the end of the program, many of these venture accelerators have a “demo day” when companies pitch to a room full of angel investors and venture capitalists. A number of startups and early-stage companies have secured seed money ranging anywhere from $50,000 to $5 million as a result of their participation in an accelerator program.