accelerator

Vocabulary Word

Definition

The term 'accelerator' refers to something that speeds up a process or enhances growth. In the world of business, it's usually a program designed to boost the growth of startups.

Examples in Different Contexts

In the context of startup growth, an 'accelerator' is a program that helps new businesses grow faster. A venture capitalist might say, 'Joining an accelerator can provide your startup with the mentorship and capital it needs to scale quickly.'

Practice Scenarios

Business

Scenario:

We are seeing positive traction for our new startup. Considering an accelerator program could be a beneficial next step.

Response:

Absolutely, getting into an accelerator could provide us with the necessary resources and guidance to grow our venture.

Impact

Scenario:

Expediting the growth of our sustainable energy initiative might involve strategic partnerships. Access to resources and expertise is vital for the next stage.

Response:

A robust accelerator program focused on sustainable energy would certainly give us access to necessary resources and improve the growth trajectory.