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The goal of an incubator, like an accelerator, is to help an early-stage company/startup grow. However, typically companies work with incubators prior to an accelerator. Incubators help startups with the initial growth and formation of the company by providing guidance and mentorship. It is not uncommon for companies to go through an incubator program prior to seeking an accelerator. Fortunately for startups, and unlike many accelerators, incubators typically do not seek an equity stake in the companies they work with as they are often funded through university grants.1

in Basic Terminology