If incubators support the early stages of an innovation’s life, accelerators take it through school and out into the wider world. Accelerators: scaling up – and getting to market They’re a particular focus for ‘angel investors’ seeking promising ideas that could pay off handsomely when they take off. And incubators also offer access to sources of early-stage funding to get a concept off the ground. While the COVID-19 pandemic has seen incubators’ physical coworking spaces go virtual, the collaboration they enable is continuing. But what they nearly all share is that they provide coworking spaces that encourage collaboration and cross-fertilisation of ideas across a like-minded community, supported by advice from seasoned specialists. And they often specialise in specific sectors like healthcare, or technologies like Artificial Intelligence or robotics. Many incubators are part of bigger organisations – universities, corporates, even governments – with an interest in commercialising innovation. To join an incubator, you don’t even need to have set up a company yet: you just need an idea with potential, and the drive to bring it to market. As their name suggests, these play a role when the startup idea is still very much in its infancy. So, what are these – and how do they differ? Incubators: germinating ideas – nourished by collaborationįirst, incubators. Two that you’ll hear mentioned most often are ‘incubators’ and ‘accelerators’. PwC UK’s Social Entrepreneurs Club enables ambitious social enterprises to tap into the skills of the firm’s people to support their growth.įor entrepreneurs starting out, there are many other sources of support and advice. For example, PwC Sweden supports the non-profit Norrsken Foundation, to help ‘impact entrepreneurs’ build businesses that help solve the biggest global problems, supported by mentoring from PwC Sweden. Give them the right environment and support, and they’ll flourish – developing and growing to reach their full potential - in many ways like a child.Īt PwC, we support many entrepreneurs and their ground-breaking ideas as they progress from initial concept to commercial reality. Because, in many ways, ideas really are like children. I’ve always thought “brainchild” is a very appropriate term for an innovative idea. America Uruguay Uzbekistan Venezuela Vietnam Zambia Zimbabwe eSwatini/Swaziland Rep.) Costa Rica Croatia Cyprus Czech Republic Côte d'Ivoire Denmark Dominican Republic Ecuador El Salvador Equatorial Guinea Estonia Finland France Gabon Georgia Germany Ghana Gibraltar Global Greece Guatemala Guinea Honduras Hong Kong SAR, China Hungary Iceland India Indonesia Interaméricas Ireland (Republic of) Isle of Man Israel ישראל Italy Jamaica Japan Kazakhstan Kenya Kosovo Laos Latvia Liberia Liechtenstein Lithuania Luxembourg Macedonia Madagascar Malawi Malaysia Maldives Malta Mauritius Middle East Region Middle East Bahrain Egypt Iraq Jordan Kuwait Lebanon Libya Oman Qatar Saudi Arabia United Arab Emirates West Bank Gaza Moldova Mongolia Montenegro Mozambique México Mexico Namibia Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Nigeria Norway Pakistan Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Romania Rwanda Senegal Serbia Singapore Slovakia Slovenia South Africa South Korea Spain Sri Lanka Sweden Switzerland Taiwan 臺灣 Tanzania Thailand Trinidad and Tobago Turkey Türkiye Uganda Ukraine Україна United Kingdom UK United States US USA U.S. Afrique Francophone Albania Andorra Angola Argentina Armenia Australia Austria Azerbaijan Bahamas Barbados Belgium Belgique België Bermuda Bolivia Bosnia and Herzegovina Botswana Brasil British Virgin Islands Brunei Bulgaria Cambodia Cameroon Canada Cape Verde Caribbean Cayman Islands Central and Eastern Europe Chad Channel Islands Chile China Colombia Congo (Brazzaville) Congo (Dem.
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