Incubator Space

Office industrial or high tech space usually owned or managed by a local government development board and intended to provide an economical and supportive environment for new business start ups the rental rates are usually below market there is some sharing of services and amenities and mentoring services are provided the new business is usually kicked out of the nest after it reaches a certain volume of business or after it achieves a previously approved and agreed upon business plan. An industrial park or building subdivided into small units to house small growing companies who wish to share office clerical or meeting room space. Incubator space is generally defined as industrial space or office space that is set aside in a building for various forms of business start up or entrepreneurial projects.