What is a Startup Incubator? Its Types and Services

As more people have been creating their own businesses as part of the tech startup craze, the number of startup incubators has also increased.

A startup incubator is a collaborative program designed to help new startups succeed. Incubators help entrepreneurs solve some of the problems commonly associated with running a startup by providing workspace, seed funding, mentoring, and training. The sole purpose of a startup incubator is to help entrepreneurs grow their business.

Best Startup incubator in India are usually non-profit organizations, which are usually run by both public and private entities. Incubators are often associated with universities, and some business schools allow their students and alumni to take part in these programs. There are several other incubators, however, that are formed by governments, civic groups, startup organizations or successful entrepreneurs.

What are the Most Common Startup Incubator Services?

Here is a list of the most common services provided by business incubators:

· Help with business basics

· Networking opportunities

· Marketing assistance

· High-speed Internet access

· Accounting/financial management assistance

· Help with presentation skills

· Connections to higher education resources

· Connections to strategic partners

· Access to angel investors or venture capital

· Comprehensive business training programs

· Advisory boards and mentors

· Management team identification

· Technology commercialization assistance

Top Startup Incubators in India

1. Incubation Masters
2. Venture Catalysts
3. Spark Incubation
4. Satna Incubation Centre
5. WE Hub

A startup incubator is a cooperative initiative created to aid in the success of emerging businesses. By offering office space, seed money, coaching, and training best startup cohort resolving some of the issues that are frequently related to managing a business. A startup incubator's only objective is to assist business owners in expanding their enterpri