Business Incubators: What You Need to Know

If you're in the startup world, you have certainly come across terms like business incubators, startup accelerators, and startup studios. You might also be confused about what they are and what differentiates them. No worries; I will explain all of that. I will also try to skim around the incubation scene in Ethiopia.

Visualize you’re an aspiring entrepreneur, or you might be one, having a startup or a business idea that you think will change the world, or at least your country. But you don’t have the resources such as office space, stable internet connection, training, and mentors; what do you do? Incubators to the rescue!; not the egg ones, though. A business incubator is an organization that helps startups and entrepreneurs develop and grow their businesses by providing various resources I mentioned above.