What does a business incubator do
What does a business incubator do?
Incubators nurture startups through the beginning phases of their project, helping them to develop their minimum viable product. They provide mentorship that allows start-ups to develop and prototype this product, carry out customer discovery, and to plan out their business structure.
Incubators support early-stage business projects to create a solid foundation and find direction. Entrepreneurs are committed to fixing problems that exist within an ecosystem. An incubator will help founders to understand whether their business idea is a viable way of fixing that problem from a business perspective.