A startup incubator is a program or facility that provides early-stage companies with assistance and resources in order to help them grow and become successful businesses. In exchange for equity or a percentage of the company, incubators provide services such as office space, mentorship, networking opportunities, and access to funding to startups. Incubators specialize in specific industries, such as technology, biotechnology, or renewable energy, and may offer specialized resources, such as access to lab equipment or manufacturing facilities. Startup incubators exist to assist startups in navigating the early stages of business development and increasing their chances of success.