Over the past few decades, many cities, as well as developed and developing countries, have started public ________, often in conjunction with universities and research institutions, to promote new business development.

Business incubator can be regarded as a company that are set up to provide help for new and startup companies, so they can develop through the provision of services such as management training to those start up companies. According to National Business Incubation Association, business incubators are regarded as catalyst tool needed for economic development.

It should be noted that Over the past few decades, many cities, as well as developed and developing countries, have started public business incubators often in conjunction with universities and research institutions, to promote new business development.

Martebi Martebi · Answer 2 · 2021-03-03T01:30:14+01:00

Answer:

Business incubators

Explanation:

Incubator is a location or center where startups are cooked up, mentored and sometimes funded. They are set up to give a range of resources and services to early-stage or start up companies by helping them to take the first major steps toward a successful venture.

Business Incubators are refered to as a protected or secure environments for new, small businesses. Incubators varies in what they provide to a business e.g. Some give office space, some give industry mentors e.t.c.

Small Business

Is simply refered to as business having fewer than 100 employees, and is independently owned and operated.