business incubator

Business incubators are organizations that support the entrepreneurial process, helping to increase survival rates for innovative startup companies. Entrepreneurs with feasible projects are selected and admitted into the incubators, where they are offered a specialized menu of support resources and services. Resources and services open to an entrepreneur might include such diverse elements asprovision of physical space (offices, labs)management coachinghelp in preparing an effective business planadministrative servicestechnical supportbusiness networkingadvice on intellectual property and help in finding sources of financing.
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A facility that supports the development and operation of a number of small start-up businesses. Tenants of the facility share a number of support services including computers, support staff, telecommunications equipment, and janitorial services. Occupants also may receive technical assistance, business planning, legal, financial, and marketing advice.