A facility that supports the development and operation of a number of small start-up businesses. Tenants of the facility share a number of support services including computers, support staff, telecommunications equipment, and janitorial services. Occupants also may receive technical assistance, business planning, legal, financial, and marketing advice.
Facility that provides shared space, services, and management assistance to new businesses.
Is an economic development organization designed to accelerate the growth and success of entrepreneurial companies through an array of business support resources and services that could include physical space, capital, coaching, common services, and networking connections. A business incubator's main goal is to produce successful firms that will leave the program financially viable and freestanding. Recognized as a practical approach for creating new jobs through business formation and expansion, business incubators have become recognized worldwide as a viable tool for economic development.