Innovation hubs support startups in multiple ways:
Incubation Programs: These programs offer early-stage startups the necessary support and resources to develop their business ideas into viable products or services. Acceleration Programs: Designed for startups that have a market-ready product, these programs focus on scaling the business rapidly through mentorship, funding, and strategic partnerships. Access to Capital: Many hubs have connections with venture capitalists, angel investors, and grant programs, providing startups with the necessary funding to grow. Collaborative Workspaces: Shared office spaces and co-working environments promote interaction and collaboration among entrepreneurs, leading to new ideas and opportunities.