An incubator is a program designed to support the growth and development of startup companies by providing resources such as mentorship, office space, and funding. These programs often focus on early-stage businesses, helping them refine their ideas and business models to increase their chances of success in the competitive market.
Incubators typically foster a collaborative environment where entrepreneurs can network and share knowledge. They may also offer access to investors and industry experts, making it easier for startups to navigate challenges and scale their operations effectively. This support can be crucial for turning innovative ideas into viable businesses.