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What is a Business Incubator

A business incubator is a program offered with the sole purpose of supporting the establishment and growth of small businesses by offering support services to entrepreneurs. Support services offered can include fully equipped working space, technical assistance, advice, coaching and mentorship. Most business incubators offer this support to early stage entrepreneurs running startup companies and who do not have adequate finances to pay for such services. The aim in most cases is to support the growth of Small and Medium Enterprises (SMEs).