The main purpose of an incubator is to help startups at a very early stage to grow. They are collaborative programmes which help people solve problems associated with launching a startup by providing a space to work, seed funding, mentoring, training and other benefits.
An incubator is a place where the incubation activities are carried out, and where the would‐be entrepreneurs and the existing SMEs find a suitable place, in terms of facilities and expertise, to address their needs and develop their business ideas, and transform them into sustainable realities.
Incubation is a process which tends to be activated whenever there is a need to support entrepreneurs in developing their own business.
“To innovate is the application of something new for a specific use”. This leads to the following definition of innovation: “Innovation is a change that creates and/or adds value, and provides a competitive advantage HERE and NOW”.
“National Initiative for Developing and Harnessing Innovations”.
“Technology Business Incubator”.
“Science and Technology”.
“Department of Science & Technology ”.
“National Science & Technology Entrepreneurship Development Board”.
“Promoting and Accelerating Young and ASpiring technology entrepreneurs”.
“Centers of Excellence ”.
“Minsitry of Electronics and Information Technology ”.
“Ministry of Micro, Small & Medium Enterprises ”.