Business incubators
Business incubators are organizations designed to support the growth of new businesses, particularly startups. They provide resources such as office space, mentorship, and access to funding, helping entrepreneurs develop their ideas into viable companies. By fostering innovation and collaboration, incubators aim to increase the chances of success for new ventures.
These programs often focus on specific industries or sectors, such as technology or social enterprises. Participants typically receive guidance from experienced professionals and can network with other entrepreneurs. Overall, business incubators play a crucial role in nurturing the entrepreneurial ecosystem and driving economic growth.