Stacy Stine Cary is a mentor for Tech Wildcatters in Dallas, Texas. This intensive micro-fund and startup accelerator program invests in talented and ambitious new startup companies. In addition to small loans, beneficiaries receive the guidance and support of experienced mentors like Stacy Cary.
Tech Wildcatters is an example of a startup accelerator, or incubator, a company that helps multiple new businesses develop quickly. These accelerators act as a boot camp for fledgling companies, giving them access to the support and resources of a large, successful network. In addition to providing micro-loans and physical workspaces, accelerators typically offer assistance with business basics, management skills, and legal or regulatory compliance.
All incubators require an application process, and many of them are extremely competitive. The benefits of shared operating costs and built-in networking opportunities make incubators and accelerators very appealing to startups ready to take their company to the next level.