business incubators

Business Incubator

A program to help a start-up stay in business. A business incubator may offer management consulting or other services to provide a new company with needed resources to overcome common problems. Very commonly, business incubators also offer more concrete aid, such as free or discounted rent on an office for the first six months of operations. Companies that pass through a business incubator stage have a much higher success rate than those that do not.

business incubators

an organization of services designed to nurture young businesses. They aim to reduce the failure rate of early stage companies and speed the growth of companies which have the potential to create employment and wealth. The incubator could take the form of property offering small workshops units with secretarial and management services.