A business incubator is a company that helps new and startup companies to develop by providing services such as management training or office space.Business89 incubators differ from research and technology parks in their dedication to startup and early-stage companies. Research and technology parks, on the other hand, tend to be large-scale projects that house everything from corporate, government or university labs to very small companies. Most research and technology parks do not offer business assistance services, which are the hallmark of a business incubation program. However, many research and technology parks house incubation programs.
In India, the business incubators are promoted in a varied fashion: as Technology Business Incubators (TBI) and as Startup Incubators -- the first deals with technology business (mostly, consultancy and promoting technology related businesses) and the later deals with promoting startups (with more emphasis on establishing new companies, scaling the businesses, prototyping, patenting, and so forth). The mission on creating specific innovations among the young minds of researchers via. 101 specialized incubators has been boosted in various parts of India through AIM-India. For instance, AIC-IIITKottayam, a Startup-based Incubator, specializes in IoT Cloud research jointly with world class incubators from Germany, USA, Austria, and so forth.
Since startup companies lack many resources, experience and networks, incubators provide services which helps them get through initial hurdles in starting up a business. These hurdles include space, funding, legal, accounting, computer services and other prerequisites to running the business.