Question

What is the purpose of a technology hub?

Answer 1

A ‘technology hub’ is a concrete place, a centre, a neighbourhood or only a set of departments, which has produced to help technology startup corporations benefit.

Step-by-step explanation:

Tech hubs build an atmosphere particularly targeted at supporting growing technology corporations rise by promoting experimentation, not demonising crash, and encouraging firms channels with different agreeable individuals and businesses. It also makes it simpler for firms to engage investors in succession to get their scheme financed. It helps concepts grow and corporations profit.

Answer 2

The purpose of a Tech Hub is to serve as an incubator for technology startups to grow, innovate and thrive. These communities are established in physical spaces or offices that allow multiple, like minded entrepreneur and skilled workers in STEM (science, technology, engineering, and mathematics) subjects to work and get their project ready to look for investors for funding.