A business incubator is a private company or government institution that is dedicated to helping startup companies grow. Most business incubators specialize in a specific industry such as education, industry, or technology that promise to make a positive social impact. They are not set up for-profit and don’t take equity for their efforts.
A business incubator works in much the same way as an egg incubator, which provides eggs with warmth until they hatch. It provides startups with the necessary support so they can become successful businesses.
Other interesting terms…
