Startup incubators are organizations designed to help new businesses grow and succeed. They provide resources like office space, mentorship, and access to funding. By offering a supportive environment, incubators help entrepreneurs turn their ideas into viable companies. This can be especially beneficial for first-time founders who may need guidance navigating the challenges of starting a business.
Many incubators also foster a community of like-minded individuals, allowing entrepreneurs to network and share experiences. Some well-known examples of incubators include Y Combinator and Techstars. These programs often culminate in a demo day, where startups present their ideas to potential investors.