What’s fueling the explosion in start-up accelerators?

The accelerator programs2005 formation of Y Combinator kicked off an explosion of accelerator programs in the U.S., leading to hundreds of entrepreneurs finding financial backers as well as mentors. But as the movement swept through America, the rest of the world largely ignored it.

Today that’s changing, and the momentum is fierce. Accelerators are popping up all over Europe, even in areas like Africa, as countries begin farming their own entrepreneurial talent.

Read more at CNBC.com

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