Startup Incubation
Startup incubation is a process designed to support new businesses, often referred to as startups, in their early stages. Incubators provide resources such as office space, mentorship, and access to funding, helping entrepreneurs develop their ideas into viable products or services. This nurturing environment allows startups to grow and refine their business models while minimizing risks.
Typically, startup incubation programs last for a specific period, during which participants receive guidance from experienced professionals and industry experts. Many incubators also foster networking opportunities, connecting startups with potential investors and partners, which can be crucial for their long-term success in the competitive market.