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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]
Business incubator, a company that helps new and startup companies to develop by providing services such as management training or office space; Apache Incubator, a gateway for open source projects under the Apache Software Foundation; Wikimedia Incubator, a wiki project hosted by the Wikimedia Foundation
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.
A technology business incubator (or TBI) is a type of business incubator focused on organizations that help startup companies and individual entrepreneurs which use modern technologies as the primary means of innovation to develop their businesses by providing a range of services, including training, brokering and financing. [1]
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 ...
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.
By mitigating start-up costs and providing a nurturing environment, business incubators help firms grow and stay in their communities. The culinary incubator has taken a time-tested successful concept and swapped out office space for kitchens. There are three kinds of business models practiced in a shared kitchen environment.
Business incubator, a company that helps new and startup companies to develop by providing services such as management training or office space; See also