What is a business incubator?
Business Incubator is an institution whose mission is to support the development of young businesses and entrepreneurship in the region. There are several types of incubators are:
1. Incubators for SMEs
They are incubators for small and medium-sized businesses who are just starting their business and to those who only intend to start such activities.
2. Academic Business Incubators
They are created by universities, they have the task of helping young companies through legal assistance, business consulting and providing the premises.
3. Incubators of social entrepreneurship
These are the incubators, which are created by local governments or NGOs to aid consisting of premises, training and advisory bodies that operate in the social economy, an institution working to improve the situation on the labor market and for social integration.