Technology accelerators participate in startup development by providing essential resources, mentorship, and networking opportunities that foster innovation and growth. They often offer seed funding, access to expert mentors, and facilities to help startups refine their business models and improve their product offerings. Additionally, accelerators enhance startups' visibility within the tech community, connecting them with potential investors and partners. This supportive environment helps accelerate the time-to-market for new products and increases the chances of long-term success.