What is a Business Incubator?

A Business Incubator is an organization designed to support early-stage startups and entrepreneurs by providing resources, mentorship, infrastructure, and networking opportunities to help them grow and succeed. Incubators often focus on nurturing innovative ideas into viable businesses by reducing operational costs and offering strategic guidance during critical phases of development.

Key Services Offered

  • Office space and shared facilities

  • Business advisory services

  • Access to funding networks and investor introductions

  • Legal, financial, and marketing mentorship

  • Networking events and workshops

Example

A tech incubator may offer workspace, cloud credits, and expert mentoring to software startups for a 6-12 month period, helping them refine their product and secure seed funding.

Benefits

  • Lower overhead costs for new businesses

  • Accelerated growth through expert support

  • Increased access to investors and business networks

  • Higher survival rates for startups