An incubator is typically a low or no-cost space for startups. The incubator owner may take a small equity stake in the venture, provides mentoring and coaching along with access to financing. Many business incubators receive government funding and are aimed at encouraging entrepreneurship. They are often affiliated or partnered with a university. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development.
Incubator type of workspace is designed to accelerate the growth and success of entrepreneurial companies through offering an array of business support resources and services including physical space, capital, coaching, common services, and networking connections.
