A Business Incubator is an organization dedicated to supporting new startups and small businesses by providing various services to accelerate their growth. The startup world can be tricky to navigate, and many emerging companies are prone to failure because they do not have the horsepower to bring their ideas and products to fruition. In order to succeed, startups need more than just a great idea. They need ongoing funding, business development, market research, and a viable business plan. Business incubators can help startups to evolve into successful entities of their own, they can support by providing office space, mentoring, technical support, and a knowledge-rich community. Each business incubator offers a slightly different selection of these services. Most business incubators are nonprofit organizations. A typical business incubator can accommodate between 20 and 50 new businesses, depending on the size of the property it is situated on. Business Incubator programs are proven to be highly effective in creating employment, commercializing new technologies, and developing local economies. Business incubators have been around for quite a while, however, the concept only began to gain traction in the 1980s after an influx of higher education institutions decided to launch school-affiliated business incubators in order to offer students better employment prospects. Here are few top-notch business incubators around the world.

• ABVenture Zone (Aberdeen,UK) helps foster growing enterprises while furthering the development of each entrepreneur's products or services.

• Ecentre (Auckland, New Zealand) Working in close collaboration with Massey University, Ecentre is an essential startup consideration for any New Zealander

• ActivSpaces (Buea, Cameroon) is the top innovation hub within the region and is targeted at young tech entrepreneurs.

• Z80 Labs (Buffalo, NY, USA) is targeted at entrepreneurs who are interested in launching an internet-focused startup.

• Venture Catalysts (Mumbai, India)is widely regarded as the nation's top incubator for startups – no mean feat given its short existence. They offer venture capital in the range of $500k to $1m, as well as mentorship, coaching, and access to industry experts.

Business incubators are an invaluable safe haven for start-ups. All the start-ups may not need an incubator, however, it is always beneficial to take the help of one.