Jim, Harry, and Kate decide to set up a company that serves the functions of a business incubator. Which of the following would their company be doing in this scenario?
A) Solely dedicate itself to working with governmental organizations that look after the finances of a state
B) Provide new companies with space, tools, and leadership skills to help accelerate their early growth
C) Be responsible for working with fully developed start-ups that aim to overtake the leaders in the same business sector
D) Help small-scale industries fix priorities for disposal of assessments and submission of taxes and other related matters

Question

Quizplus · Accepted Answer

Business incubators are organizations 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. Option B accurately describes this role.

Jim, Harry, and Kate Decide to Set Up a Company