Incubation Hub

Definition ∞ An incubation hub is an organization or facility that supports new businesses and startups by providing resources, mentorship, and a collaborative environment. These hubs assist nascent companies in developing their products, securing funding, and navigating early-stage challenges. They often focus on specific industries, such as financial technology or blockchain.
Context ∞ Incubation hubs play a significant role in fostering innovation within the digital asset and blockchain sectors. News often features announcements of new crypto-focused incubation programs designed to accelerate the growth of decentralized applications and protocols. These hubs are instrumental in bringing novel ideas to market and cultivating new talent within the industry.