incubator

Vocabulary Word

Definition

'Incubator' is a place or a program that helps small businesses, start-ups, or artists to grow by providing support like money, training, or space. Like how an egg incubator helps baby birds to develop and hatch!

Examples in Different Contexts

In biotechnology, an 'incubator' is a device that maintains optimal conditions for the growth and development of microbiological cultures. A biotechnologist might explain, 'We use incubators to cultivate bacteria for our research, ensuring they grow at the right temperature and conditions.'

Practice Scenarios

Startup

Scenario:

Our start-up has potential, but it's challenging to find investors and experienced mentors to guide us in this competitive industry.

Response:

This is where an incubator could help. They provide mentoring from experienced professionals and can connect us to potential investors.

Tech

Scenario:

Our team has developed an innovative tech solution, but we're faced with some challenges around business strategy and funding.

Response:

I agree. An incubator might help address these challenges by offering guidance on business strategy and networking opportunities for funding.