Business incubation is a dynamic process of business enterprise development.
Incubators nurture young firms, helping them to survive and grow during the startup period when they are most vulnerable. Business incubators have spread rapidly in recent years, not just across the UK but worldwide, as entrepreneurs, small business advisors, universities, governments, venture capitalists and others recognise the impact they have on business survival and growth rates. UK Business Incubation is an industry body launched in 1998 by the Department for Trade and Industry and HM Treasury. Unlike the American definition, there is no mention of buildings . Additionally, online Virtual Incubators are also developing to support the launch of e-businesses.