What role do technology accelerators play in startup ecosystems? 🔊
Technology accelerators play a crucial role in startup ecosystems by providing resources, mentorship, and funding to early-stage companies. These accelerators help startups refine their business models, develop minimum viable products, and connect with potential investors. By offering structured programs that include networking opportunities, workshops, and access to industry experts, technology accelerators foster innovation and increase the chances of success for startups. They create a supportive environment for entrepreneurs to grow and scale their ideas, contributing to a vibrant startup culture and driving economic growth.
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