A business incubator is a company that helps new and startup companies to develop by providing services such as management training or office space.The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes their members’ incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and combination of the above

1. INCUBATOR CONCEPT:

2. INCUBATION:
 Unique and highly flexible combination of buisness
development processes, infrastructure and people
designed to nurture and grow new and small
buisnesses by supporting them through the early
stages of development and change.

4. BUISNESS INCUBATION:
 Buisness process that accelerate the successful
development of start up and fledging companies by
providing enterpreneurs with an array of targeted
resources and services.
BUISNESS INCUBATORS:
 A company that helps new and startup companies
to develop by providing services such as
management training or office space.

6. HISTORY:
 The formal concept of incubation began in the USA
in 1959 when Joseph Mancuso opened Batavia
Industrial Center in Newyork. .
 It expanded in the US in 1980s and spread to the
UK and Europe through various related forms
(innovation centres ,technopoles/science park).
It had three main development phases:
 1st generation :infrastructure
 2nd generation: buisness support and monitoring
 3rd generation: networking and value chain

7. a) First Generation:
the main focus was the provision of
 physical space, of good quality and at low cost, in
addition to offering shared resources such as
auditoriums,meeting rooms, common use equipment,
among others.
 Another important characteristic of this generation is the
incubator’s role as an environment to transform the
technologies generated in universities and business
research centers

8.  b) Second Generation: the focus of this
generation is no longer only in the physical space
and shared resources but also in enhancing
services to support business developments such as
training, mentors, coaching, among others.

9.  c) Third Generation: in addition to the concepts
provided for the incubators of the previous two
generations,the third generation incubators focus
on the creation and operation of networks to access
resources and knowledge, linking the incubator with
the innovation ecosystem in which the business is
inserted.

11. TYPES OF SERVICES:
Common incubator services are:
 Help with buisness basics
 Networking activities
 Marketing assistance
 Market research
 High speed internet access
 Help with accounting/financial management
 Help with presentation skills
 Access to bank loans
 Intellectual property management
 Comprehensive buisness training programmes.

12. TYPES OF INCUBATORS:
There are number of buisness incubators that have
focussed on particular industries or on a particular
buisness model.
 Virtual buisness incubator: online buisness
incubator
 Kitchen incubator: a buisness incubator focussed
on food industry
 Public incubator :focused on the public good
 Seed accelerator: focussed on early startups
 Bio incubator: specialize in supporting life science
based startups.

13. IMPORTANCE
 It is a key component in the development of most
overseas, developed and developing economies,
particularly those aiming to develop a knowledge based
economy. The benefits of business incubators are
numerous. Amongst other things, they can:
 act as a catalyst for economic change development;
 help young companies to negotiate the hurdles that often
lead to their early downfall;
 help entrepreneurs overcome the isolation and stress of
starting a business;
 provide access to an array of expertise, mentors,
investors and specialist advisors;
 provide visibility and credibility in the marketplace;

14.  facilitate linkages with and the commercialisation of
university or corporate research.
 encourage faster sustainable growth and greater
survival rates of new and existing companies;
 Act as catalyst for urban and rural regeneration
 enable growing companies to become stand alone
entities within the community

15. BIO INCUBATOR
 Provide services and infrastructure that help initiate
and develop scientific inventions and contribute
towards the formation of enterpreneurial
companies.
 Helps in building consensus and scientific interest
among research organisations by condensing the
physical barriers between research
institutes,educational institutes and life science
companies.

16. SCIENCE AND BIOTECH INDUSTRIAL PARKS
 Developed as a scientific industrial city spanning
large acres of land that house bioscience
companies, research institutes, R&D laboratories
and pharmacy biotech organisations.
 Facilitate the transfer of new and hitherto unused
technologies from larger life science companies to
smaller biological firms.
 Eg: TICEL biopark Chennai, Agri science park
Hyderabad, International biotech park Pune,
Bangalore Helix, Biotechnology city Lucknow etc.

17. BIOINCUBATORS IN INDIA
 Amity innovation incubator
 Startup oasis, Jaipur
 NCL innovation
 Venture centre, Pune

18. BIOINCUBATORS IN KERALA
 Biotechnology incubation centre by KINFRA