Definition of Incubator

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TeachMeFinance.com - explain Incubator



incubators -- Incubators encourage entrepreneurship and minimize obstacles to new business formation and growth, particularly for high technology firms, by housing in one facility a number of fledging enterprises which share an array of services. These shared services may include: meeting areas, secretarial services, accounting, research library, on-site professional and management counseling, and computer word processing facilities.

another definition...

Incubator -- A facility designed to encourage entrepreneurship and minimize obstacles to new business formation and growth, particularly for high technology firms, by housing a number of fledgling enterprises that share an array of services. These shared services may include meeting areas, secretarial services, accounting services, research libraries, on-site financial and management counseling and word processing facilities.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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