Accelerator as a social institution to support startups
Accelerator is a social institution supporting start-ups. This concept describes both institutions and the programs of intensive development of startups organized by them through mentoring, training, financial and expert support in exchange for a share. The main advantage of the accelerator is the possibility of “accelerating time” - with the help of expert advice, access to a broad base of contacts and a well-developed program, entrepreneurs are developing the project much more intensively, reaching the results planned for the year ahead in three months. At the same time, in addition to state accelerators, a big role is played by corporate accelerators of transnational corporations.