Incubation
A modern “business incubator” is a combination of physical space and facilities, entrepreneurial ideas, and administrative and management support, all joined to nurture new companies in the critical early stages of development.
More specifically, a typical business incubator is a building (or part of a building) in which space is provided for entrepreneurs who are forming new companies (a “new-venture” type), or else is intended to be a real-estate venture which will increase the value of the building used. The building usually includes a central office in which common services needed by all companies are provided, both logistical services and management assistance. The support services may be provided by government, industry, or one or more universities. This description is relatively conservative in some ways, since the explosion of investment in Internet firms (“dot-coms”) has led to use of the term to include venture capital and other investment companies which buy or underwrite such Business Incubators for EEE new businesses without necessarily providing physical space or logistic support. In earlier years these would be termed “incubators without walls.”1.8.
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