What does the term "incubator" refer to in tech startups? 🔊
In the context of tech startups, the term "incubator" refers to a program or organization designed to support early-stage companies by providing resources, mentorship, and guidance. Incubators typically offer a range of services, including office space, funding opportunities, and access to industry networks. They aim to foster innovation by nurturing startup ideas from conception to market readiness. By providing a collaborative environment and essential resources, incubators significantly increase the chances of startup success, enabling entrepreneurs to refine their business models, develop products, and gain valuable investor exposure.
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