The success of entrepreneurs like Facebook co-founder Mark Zuckerberg and Tesla Motors’ CEO Elon Musk have inspired others to embark on their own entrepreneurship journey. In reality, however, it is difficult to get a business off the ground. According to Forbes, only one in 10 start-ups succeed. That scenario could shift with the growing presence of start-up accelerators. Gaining momentum around the world, accelerators offer mentorship, seed funding, legal counsel and even office space to entrepreneurs. In Singapore, the number of accelerators is growing with new entrants offering expertise in different sectors. While accelerators are aplenty, admission into a programme can sometimes be more difficult than securing a place in a top business school. What do accelerators offer and what should entrepreneurs look out for when choosing to work with one?
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