Definition

Collecting initial money to get a business off the ground. Early cash helps develop ideas, build products, and start selling.

What to consider

  • Research the incubator’s track record.
  • Assess the value of mentorship offered.
  • Be prepared for collaborative feedback.

Real world scenarios

  • A startup joins a local incubator and receives free office space and mentorship.
  • An entrepreneur benefits from an incubator’s networking events to refine her business model.
  • A small company uses incubator resources to gain early-stage market insights.

Related terms

Reviewing: Entrepreneurial Finances (96 of 100)
Topics
Mia's avatar
Hey there! I’m Mia. Have questions about Seed Funding?
Mia's avatar
I’ve got a few ideas you can put into action today. Ready to dive in?