Answer by Kirtiman Sharma:
You have reached Quora, I would say you seem to want some answer. But you need to ask the right question too.
I think you should start by asking, what you really want to get out of the relationship.
Are you looking for a founding member?
Are you looking for startup business help?
Are you looking for investors?
Or you just want to find out how can an accelerator help you?
All question are different, with different answers.
I feel there will be no harm in approaching an accelerator and having a talk with them.
If you are afraid of your idea getting stolen, protect it via intellectual property rights.
With due respect I would disagree with the answer by Aditya Singh (with due respect, remember).
Business models are thing of past. If you see any business model template, it consist of all the things that you (founder) thinks about the product, market and projections. Nothing is tested.
I recommend creating a minimum viable product and test your market first. MVP is a version of your product that you can create in least cost and resources. Its not even a prototype.
I don’t know your business so I will take an example. If you are selling some service or hard product, create a leaflet and a website or even a facebook or g+ page. Talk about your features and ask the public if they want to buy.
If the market is not accepting your idea now, it will surly not accept it once the product comes out.
If you have a proven product market fit, I m sure the accelerator will love you more, investors too. If you do not have a fit, at best they will help you and motivate you to change your product or target market or features to create a product market fit. Without a product market fit, all business plans will fail and you will have wasted enough money and energy to stop the project for sometime.
I wish you added more details, but never mind. If you have a more specific question, please don’t hesitate to ask.