Business Incubators for the Development of SMEs

Business Incubators are organisations designed to accelerate the growth and success of entrepreneurial companies through an array of business support resources and services that could include physical space, capital, coaching, common services, and networking connections.Business incubation programs are often sponsored by private companies or municipalities and public institutions, such as colleges and universities. Their goal is to help create and grow young businesses by providing them with necessary support and financial and technical services. There are thousands of business incubators around the world, according to the National Business Incubation Association.