Definition of «incubator»

Usage examples

1. Setting up a business incubator: This involves creating a physical space or facility where startup companies can access resources, mentorship, and networking opportunities to accelerate their growth and success.
2. Biotechnology incubator: This refers to a specialized facility that provides lab space, equipment, and expertise to support the development and commercialization of biotech innovations, such as new drugs or medical devices.
3. Innovation incubator in a corporate setting: Many large companies establish innovation incubators to foster new ideas and promote intrapreneurship within their organizations. These incubators provide a structured framework and support system for employees to develop and test innovative concepts and turn them into viable products or services.
4. Technology incubator for early-stage startups: Technology-focused incubators provide resources like office space, funding, and mentorship specifically targeting tech startups. These incubators aim to help entrepreneurs navigate the challenges of launching a tech-based business and accelerate their development process.
5. Social entrepreneurship incubator: This type of incubator focuses on supporting startups and initiatives that aim to address social or environmental challenges. They provide resources, guidance, and networking opportunities to help social entrepreneurs create sustainable ventures that generate positive impact alongside profitability.