This document defines business incubation and acceleration. Business incubation provides resources and services to help startups and fledgling companies develop successfully. It offers targeted support through an incubator's management and network. Accelerators similarly help startups, but provide a quicker and more intensive program. The document discusses characteristics, types, and importance of incubators and accelerators, as well as services they offer such as administrative support, flexible workspace, management assistance, networking opportunities, and funding.