What exactly is a startup?

A startup is a young company founded to develop a unique product or service, often technologically-driven, designed for rapid growth and scalability, typically operating under conditions of extreme uncertainty.

How do startups typically get funding?

Startups secure funding through various stages, beginning with bootstrapping, friends and family, then moving to angel investors, venture capital firms, crowdfunding, and sometimes government grants or loans.

What is the difference between a startup and a small business?

While both are new businesses, startups are characterized by their ambition for rapid growth and scalability through innovation, often seeking venture capital. Small businesses typically aim for stable, local growth and profitability with existing models.

What role do incubators and accelerators play?

Incubators nurture early-stage startups over longer periods, providing resources and mentorship. Accelerators offer intensive, short-term programs with structured curricula, funding, and mentorship to rapidly scale promising ventures.