Incubator
A Business Incubator is an organization designed to support the growth and success of early-stage companies by providing resources, mentorship, office space, networking opportunities, and sometimes seed capital. Incubators reduce the risks associated with launching a new business by offering infrastructure and business advisory services.
Startups joining incubators gain access to experienced mentors, legal and financial consultants, and potential investors. In the UAE, initiatives like Hub71 in Abu Dhabi and in5 in Dubai act as incubators to nurture tech-based ventures and diversify the economy away from oil dependency.
Incubators differ from accelerators primarily in their duration and stage of business maturity—incubators typically engage startups for longer, earlier in their lifecycle.