Business Incubators – The Heart of The Entrepreneurial Ecosystem The essence of business incubators is to act as a catalyst to promote startup businesses and entrepreneurial ventures to find their ground meaningfully during the initial years. The purpose is obviously to enable new entrepreneurs to convert their creative ideas and visions into real-time business entities while some also work concertedly to ensure that there is overall economic development of the particular region too.
Business incubators usually provide industry specific handholding support and are highly valued in industrial circles for their obvious value add-ons. The fact that incubators help and assist young firms to develop and grow into mature companies has helped provide the much required vibrancy and thrust to the entrepreneurial ecosystem for years now that has resulted in the development of a full-fledged incubator industry. Most incubators though are still working as part of university-linked programs where the entrepreneur is able to take help from the resources and network available at the behest of the incubator. From networking with investors and