I agree that the purpose of what you are trying to achieve is important. Some people just care only about the status of getting into an accelerator program but I think the real value lies in building something that has an impact and changes the way we live our life.
The problem with people just wanting "the credentials" is like the people who want to just get into a school for its name but don't really care about the value it can provide for them. When people begin to realize that the credentials are just an added value to all that the program provides they will come to the realization that working on an idea that makes an impact for the right reason is far more important than those credentials.