Matt Harrigan recently bolted legs onto dozens of makeshift worktables. Within two weeks, the 15,000-square-foot space at a sprawling midtown office next to Grand Central Terminal in New York City will host 18 tech startups in a year-long program that includes advice from seasoned entrepreneurs and others on business strategies, raising capital, connecting with investors, and protecting intellectual property.

The goal, according to Mr. Harrigan of Grand Central Tech, a new so-called startup accelerator program, is to turn the risky, fledgling ventures into fast-growing, moneymaking companies.

Image: High school friends Charles Bonello, left, and Matt Harrigan co-founded Grand Central Tech, an accelerator program that will assist 18 startups. Steve Remich for The Wall Street Journal 

To read the original article: Tech Startups Benefit From Accelerator Boom - WSJ