Incubators cater to startups and early stage companies, who are in the beginning stages of building their business. It all starts with the founders’ idea. From there, the incubator helps the founder develop a business model and a roadmap to transform the idea into a reality.

Incubator, accelerator, and coworking space are common terms in the startup world. Before you choose one over another for your startup, it is important to understand the differences. Once you understand the differences, you can make the best decision for your startup.