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→Common Definition of an Incubator
-An incubator generally refers to an organization with the following characteristics:
1. ''Purpose:'' supports Supports startups entering the beginning stages of building their company;
2. ''Duration:'' operate Operates on a more open-ended timeline with a greater focus on the longevity of a startup than the speed of its growth;
3. ''Application Process:'' Generally has a less selective, competitive admission admissions process than for an accelerator;
4. ''Resources:'' Provides firms with workspace, mentorship, and other resourcesto support the companies' growth;
5. ''Investment in Startups:'' Generally does not take an equity stake in the companies they support. [https://www.entrepreneur.com/article/294798/ More information]
