Here's How the Canadian Government Defines the Difference Between Accelerators and Incubators

Posted by Rob Lewis

Although the terms are often used interchangeable, we've noted the differences between incubators and accelerators before.

Today, the Canadian government decided to offer its own definitions during an announcement—and they're fairly similar to what we've generally accepted in the past. This is what how the federal government defines the two different types of organizations:

ACCELERATOR

Typically for-profit organizations owned and operated by venture capital investors, who intend to generate returns from equity-based investments in their client firms. Accelerators provide a range of services to early-stage firms, including financial support, business advice, office and development space and complementary services offered by partner organizations.

INCUBATOR

Typically not-for-profit organizations that offer similar services to accelerators but tend to provide longer tenure for participating firms and a broader suite of services in terms of physical space and mentorship. Incubators are often sponsored by universities, colleges and economic development corporations.

Related Articles


blog comments powered by Disqus

Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



Who's Hiring



Recent Comments

Powered by Disqus