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A business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services, starting with management training and office space, and ending with venture capital financing. [1]
In psychology, incubation refers to the unconscious processing of problems, when they are set aside for a period of time, that may lead to insights. It was originally proposed by Graham Wallas in 1926 as one of his four stages of the creative process : preparation, incubation, illumination, and verification. [ 1 ]
Incubation (psychology), the process of thinking about a problem subconsciously while being involved in other activities; Incubation period, medical term for the time between being exposed to infection and showing first symptoms; Incubator (culture), a device used to grow and maintain course of cell cultures
Incubator (culture), a device used to grow and maintain microbiological cultures or cell cultures; Incubator (egg), a device for maintaining the eggs of birds or reptiles to allow them to hatch; Incubator (neonatal), a device used to care for premature babies in a neonatal intensive-care unit
The business model is based on generating venture-style returns, not rent, or fees for services. Seed accelerators do not necessarily need to include physical space, but many do. The process that startups go through in the accelerator can be separated into five distinct phases: awareness, application, program, demo day, and post demo day.
Several of the incubator companies who survived the dot-com bubble switched to a virtual model. [1] A definition of a virtual incubator is provided by IdeaGist as: In a broader sense, virtual incubators can be defined as a catalyst for socio-economic development, providing a process for developing early stage ideas into viable ventures.
These organizations can be further divided into categories such as universities, funding organizations, support organizations (like incubators, accelerators, co-working spaces etc.), research organizations, service provider organizations (like legal, financial services etc.) and large corporations. Local Governments and Government organizations ...
Small-business advocacy organizations that lobby governments for increased support for entrepreneurship programs and more small business-friendly laws and regulations; Entrepreneurship resources and facilities (e.g. business incubators and seed accelerators) Entrepreneurship education and training programs offered by schools, colleges and ...