Is the pandemic a silver-lining for startup accelerators and incubators?

Latest data from EY show PE and venture investment in startups doubled in H12021 to $6 bn. With more activity in the market, ancillary businesses like accelerators and incubators also thrived

One of the gauges for startup activity is funding and it’s pretty clear that the pandemic was a watershed moment in this regard. Latest data from EY show that private equity and venture capital investment in startups more than doubled in H12021 to $6 billion. With more activity in the market, ancillary businesses like accelerators and incubators also thrived.

Accelerators and incubators--ventures that support early-stage startups with mentorship and business support in return for equity-–are essential to a robust startup ecosystem. While the pandemic forced many of them to shift online, the move seems to have worked for the better.