A company that specializes in assisting early-stage businesses along the many stages of development, until they have the monetary, technical, and logistical resources to operate on their own. An incubator also supports the development of a startup from an early-stage concept to a self-sustaining business. Providing office space, taking care of the administrative tasks, offering education and mentorship, facilitating access to investors and finance, and aiding in generating ideas, are all services offered by incubators.
Incubators might charge a fee or take a stake in the firm in exchange for their services. The incubation period can last anything from a few months to several years.