BUSINESS INCUBATORS AS INSTRUMENTS OF SUPPORT TO THE REGIONAL COOPERATION

Business incubators are an instrument of integration plans of the regional development through actions at the local level. The mission of business incubators is to successfully overcome the obstacles and difficulties of the start-up companies in their most vulnerable initial phase of establishment and initial development. Advantages of establishing a business incubator, among other things, are reflected in various forms of support to the economic development of the country: a more successful transition to a market economy, successful mastering of technology, improving relations with the business environment, developing innovative business climate and the like. Keywords—business incubators, small and medium-sized enterprises, entrepreneurship, regional cooperation.