Most incubator firms are able to provide their employees benefits. Business incubation nurtures entrepreneurs to help them advance their business ventures toward independence and success. The types of services business incubators offer include hands-on help developing a business and marketing plan, guidance putting together a management team, assistance with product design and manufacturing practices, access to legal and fiscal advice, and support in obtaining financing. Services are tailored to meet incubator client needs. If an incubation program does not provide a particular service in-house, an incubator manager can often connect a client to the services needed.
Incubators screen clients to determine which ones are ready to enter the program.
The screening process alone can be valuable for prospective companies, even if they are turned down. There are two to three thousand business incubators around the world, with at least 587 in North America alone. Incubators that target niche markets include software, kitchen, retail, multimedia, wood products or other market segments. There are two to three thousand business incubators around the world, with at least 587 in North America alone. About half of all incubators in North America have opened since 1992.