Business Incubation
Business incubation is a process designed to support the growth and development of new businesses, particularly startups. It typically involves providing resources such as office space, mentorship, and access to funding. Incubators aim to help entrepreneurs refine their ideas, develop their business models, and navigate the challenges of launching a new venture.
These programs often foster a collaborative environment where entrepreneurs can share experiences and learn from one another. By connecting startups with industry experts and potential investors, business incubation increases the chances of success and sustainability for new companies in a competitive market.