An accelerator is an organization that helps early-stage entrepreneurs to refine an idea while also providing access to resources; an incubator is an organization that provides tailored support for existing startups that have already built a successful product or service.

Question

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The definitions given in the statement are actually reversed. An accelerator is an organization that provides tailored support for existing startups that have already built a successful product or service, while an incubator is an organization that helps early-stage entrepreneurs to refine an idea while also providing access to resources.

An Accelerator Is an Organization That Helps Early-Stage Entrepreneurs to Refine