What is a Startup Accelerator:
Startup accelerator, also known as Seed Accelerators support early-stage, companies through education, mentorship, and funding opportunities. The accelerator experience is a fixed-term process of intense, rapid, and immersive education aimed at accelerating the life cycle of young innovative companies. Unlike business incubators the application process is usually open to the public, offering young entrepreneurs a the opportunity to pitch their idea to potential investors.
Initially most applicants are enticed to enroll by the potential investment dollars, however the overwhelming majority of the graduating entrepreneurs all credit the knowledge gained, connections to mentors and like minded individuals as the true value of a good program.
Starting With The Problem:
Every great product or services is related to a specific problem that is trying to be resolved, but the real question is, is your problem really a problem that needs to be solved?