Business Incubator

Description of Business Incubator. Explanation.

Definition Business Incubator. Description.

A Business Incubator is an innovative, supporting organization designed to accelerate the growth and success of a Start-up Company or an entrepreneurial firm at the beginning of its existence. They can be seen as a special form of Outsourcing, supporting a Virtual Business. They can offer a broad spectrum of services to entrepreneurs with a feasible idea, typically:

• Office space and facilities.

• Administrative services.

• Legal services.

• Technical and IT support.

• Management assistance.

• Marketing support.

• Assistance in making a business plan.

• Financial assistance. Accounting.

• A network of people and organizations.

  • Other incubators.

  • Universities and research institutions.

  • Consultancy firms.

  • Seed capital, venture capital funds, business angels, banks.

  • Government agencies.

They may be for-profit (private incubators) or non-profit (public incubators) and may specialize in a particular industry or not.

Compare with: Feasibility Study  |  Blue Ocean Strategy  |  Entrepreneurial Organization  |  Disruptive Innovation  |  Twelve Principles of the Network Economy  |  Innovation Adoption Curve  |  Bass Diffusion Model  |  Marketing Mix  |  PEST Analysis  |  SWOT Analysis

Return to Management Hub: Finance & Investing  |  Marketing  |  Program & Project Management  |  Strategy

More on Management  |  Return to Management Dictionary  | 

End of description Business Incubator. An explanation.