What is the function of a business incubator?

A business incubator is designed to support the development and growth of new startups. This support typically includes a range of resources such as mentoring, networking opportunities, office space, and access to funding sources. By providing an environment that fosters innovation and entrepreneurship, incubators help startups navigate the challenges they face in their early stages, ultimately increasing their chances of success.

The focus of a business incubator is to nurture new ideas and help entrepreneurs build their business models, refine their products, and connect with investors and advisors. This assistance is crucial for startups typically lacking the established network and resources that more mature businesses have.

In contrast, the other options address different functions that are not aligned with the primary role of a business incubator. Facilitating mergers and acquisitions, providing funding for large corporations, or managing government contracts does not directly relate to supporting new startups as incubators do. Instead, such activities are associated with more mature businesses or entities focused on strategic business operations on a larger scale.