$DATI ~ What to Expect When Innovation Accelerates ~ Digital Arts Media Network, the first Public Accelerator-Incubator (PAI) was developed by Ajene Watson, LLC. They recognized the lack of liquidity associated with investment in traditional accelerator programs and starting working on a model that would help bring more startups to life, making investing easier all round. After recognizing a problem from within, very often innovation follows close behind.
https://www.inc.com/molly-reynolds/what-to-ex...rates.html