What defines a business incubator?

A business incubator is primarily defined as a program designed to accelerate the growth of startups. These incubators provide a supportive environment for new and emerging businesses, helping entrepreneurs develop their ideas into viable products and services. They often offer various resources, including mentorship, office space, networking opportunities, and access to funding sources.

The focus on startups makes this option correct because business incubators are tailored to the unique needs of early-stage companies, aiming to foster their growth and increase their chances of success in a competitive market. By concentrating on startups rather than established firms, the incubator is instrumental in navigating the challenges that new businesses face, such as market entry and operational scaling.

While other options may refer to related concepts in the business ecosystem, they do not encapsulate the essential function of a business incubator, which is to assist startups in their formative stages.