What is the goal of business incubation?

The goal of an incubator according to the National Business Incubation Association is not only to ensure the small business survives the start-up period where they are most vulnerable, but to produce confident, successful graduates that are well grounded financially and secure in their knowledge of how to run a productive business independently, within 2 or 3 years of start-up. On the average, 30% of an incubator’s clients graduate, and 87% of incubator graduates remain in business, according to the ‘Impact of Incubator Investments Study’, published in 1997. Worldwide more than 80% of incubator clients in both industrialized and industrializing nations successfully transition from the incubation program to profitability.

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1. Why Use a Business Incubator?
2. What does a business incubator typically provide?
3. What is the goal of business incubation?