#2 Initial funding

Many incubators provide seed funding and give you the push to go ahead with the idea but this should not be your primary motive for joining an incubator. Funding can be acquired from other avenues as well so why join an incubator if you only want their money, as they will acquire 10 -15% of your equity in exchange. Incubators provide other valuable resources which help the young startup gain enough experience to be able to make the venture a success and turn the idea into a successful business that will generate profits or deliver to the people depending upon the business model.

#3 Expert Mentoring and Training

When a young entrepreneur joins an incubator that marks  the time to turn the learning machine into overdrive. You will have access to business analysts, managers, VC’s & VP’s, and some valuable learning material that haven’t been written down on paper. When you talk to such people who have been in the market for long, you have the opportunity to learn from their experience. You can take their examples and execute your decisions so that you do not make the same mistakes that they have made. Share your experiences and you will find that they are telling you things that you will not have heard from them otherwise. Inspiration can come from the most unlikely places and at the most unlikely of times – “Inspiration exists, but it has to find us working” Pablo Picasso.

Read More: 3 Hot Indian Startups That Serve You At Home/ 10 Greatest Startup Innovations from Household Opportunities