Startup accelerators and the questions you should ask before applying

So you’re wondering if you should apply to a startup accelerator. A panel of experts attempted to answer that question Tuesday evening at the University of Chicago’s Chicago Innovation Exchange in Hyde Park.

“An accelerator is not right for every company,” said Troy Henikoff, managing director of startup accelerator Techstars Chicago. “Is it right for your team? You need the right balance between being coachable and being tenacious.”

Panelists said accelerators can provide young companies structure, support and a network. But they said certain traits will help founders reap more from the experience.

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