Business incubators provide low-cost, shared business facilities to small startup companies in order to encourage business development.

Question

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Business incubators are designed to create an environment that is conducive to the growth and success of small startup companies. These facilities usually offer low-cost office space, shared equipment and resources, mentorship, and networking opportunities. The goal is to provide a supportive and collaborative atmosphere that helps entrepreneurs develop their ideas and turn them into viable businesses.

Business Incubators Provide Low-Cost, Shared Business Facilities to Small Startup