Question

Make a list of the types of mentors that a participant in a start-up incubator or accelerator program might encounter.

Answer 1

Types of mentors in start-up/accelerator/ incubator programs:

1. Process mentors: Process mentors are successful entrepreneurs with huge experience ain entrepreneurship. They are generally CEOs of present or past. Their main role in mentoring lies in their competency and rich experience of several years. They provide mentorship in both personal and professional areas.
2. Skill mentors: Skill mentors are skilled in specific functional areas like marketing, finance or operations etc. They guide prospective entrepreneurs in functional areas of business.
3. Domain mentors: Domain mentors have huge experience in particular domain like banking, construction, agri-business etc. These mentors provide valuable inputs in specific business domain.
4. Investment mentors: Investment mentors guide prospective entrepreneurs in investment decisions. They provide valuable inputs on identifying and selecting attractive investment opportunities.