Are startup accelerators a waste of time?

If you’re an entrepreneur today looking to start a company, there’s a decent chance you’ve looked at an accelerator program.

The proposition is compelling: funding, access to resources, events, fellowship with other entrepenreurs, and introductions to venture capitalists who can fund your growth.

Microsoft announces Kinect Accelerator

The Kinect, a motion detection add-on for the Xbox 360, has by most
measures been a huge hit for Microsoft, which reportedly invested half a billion
dollars in developing the product and technology behind it.

Originally intended to revolutionize gaming, the Kinect has found
applications well beyond gaming, from retail to healthcare thanks to the
creativity of third parties.