What is incubator definition?

An incubator is a specialized facility or program that helps startups and early-stage companies to grow and develop their businesses. It typically provides workspace, resources, mentorship, and support services that enable companies to achieve their goals and reach their potential. Incubators may be located in physical spaces, such as office buildings or campuses, or they may operate virtually. They may be run by universities, governments, private corporations, or nonprofit organizations. The goal of an incubator is to create a nurturing environment that helps startups to succeed and become established, with the ultimate aim of creating new jobs and driving economic growth.