An accelerator is approached with a (nearly) validated startup. In other words, there should already be some traction. Additionally, you are seeking mentorship and a network to scale your startup. An accelerator can also provide funding, but you will naturally have to give up shares.
An incubator comes into play in the earlier phase. You are still in the ideation phase and need help refining your business model and product. You also receive mentorship, access to services, and a workspace.
A studio is the best choice when you are looking for a true co-founder. You have access to a complete team with all the necessary skills to build and scale your startup. The entry points for studios vary depending on the type of studio. Because it involves a true co-founder, you will also give up more shares compared to accelerators and incubators.
What is your perspective on the distinction between accelerators, incubators, and studios? Are there any important points that I have not mentioned in the text and visual?
The visual below is from the research conducted by Mamazen Startup Studio in collaboration with Matthew Burris.
