Final answer:
A business incubator typically provides shared office space, management support services, and legal advice to startup companies, offering resources and services to aid their development without requiring control over the business.
Step-by-step explanation:
Of the options provided, the true statement about a business incubator is: It typically provides shared office space, management support services, and legal advice. Business incubators are organizations that support the development and growth of startup companies by providing them with necessary resources and services. These can include office space, mentorship, access to networks, and sometimes funding options. Incubators do not involve giving up control of the business, as each participating startup operates independently. Instead, they help mitigate some of the risks involved in starting a new business by offering a supportive environment with shared resources.
Business incubators are institutions that support entrepreneurs in developing their businesses, especially in initial stages. These are organizations geared towards speeding up the growth and success of start-ups and early stage companies. Incubation is usually done by institutions which have experience in the business and technology world.
Incubation support includes providing technological facilities and advices, initial growth funds, network and linkages, co-working spaces, lab facilities, mentoring and advisory support. They are often a good path to capital from angel investors, government organizations, economic-development coalitions, venture capitalists and other investors.