The role of the incubator

The incubator originally refers to the equipment for artificially incubating eggs. It was later introduced into the economic field and became a new type of social and economic organization. Its function is to reduce the entrepreneurial risks and risks of entrepreneurial enterprises by providing R&D, production and operation sites, shared facilities for communication, network and office, systematic training and consultation, policy, financing, legal and marketing support. Entrepreneurial costs, improve the survival rate and success rate of enterprises. The elements of a successful incubator are: shared space, shared services, incubating enterprises, incubator managers, and preferential policies to support enterprises. Business incubators provide entrepreneurs with a good entrepreneurial environment and conditions, help entrepreneurs to enter the market as soon as possible with inventions and achievements, provide comprehensive services, help emerging small businesses grow rapidly and form a scale, and cultivate successful enterprises and entrepreneurs for the society.