Incubation is a unique and highly flexible combination of business development processes, infrastructure and people, designed to
nurture and grow new and small businesses by supporting them through early stages of development and change.
A business incubator is a workspace created to offer startups and new ventures access to the resources they need, all under one roof. In addition to a desk or office, incubators often provide resident companies with access to expert advisors, mentors, administrative support, office equipment, training, and/or potential investors.
Most incubators are created as temporary launching pads for new businesses, with the expectation that participants will eventually graduate and move out. However, not all graduates are successful, unfortunately, and some decide their business concept wasn’t viable and shut down instead.