Merrion incubation program, a program managed by MerrionIT Limited that provide an environment for startups to develop by providing services such as management training and office space. The term “incubator” or “incubation center” are interchangeably used for a collaborative environment designed to help new startups succeed. It is a very mature process of understanding / evaluating / supporting a business process with clearly defined goals and time frames.
The term takes off from biological “incubators” where young ones are hatched and nurtured. Universities, scientific, research, governmental agencies and even public corporations around the world manage incubation centers to nurture startups.