CHARACTERISTICS OF BUSINESS INCUBATORS

The paper presents general characteristics of entrepreneurial infrastructure - business incubators. One of the modern ways of support to small newly established enterprises and entrepreneurs, which are in a development life phase, is the system of technological infrastructure: entrepreneurial incubators, technology centres, science parks and business zones. Those are different organizations which help entrepreneurs to develop their business ideas and to overcome more easily the initial problems in business, for which, in a wider context, the term business incubators is used, and also the clusters related to entrepreneurs who are in an advanced phase of entrepreneurship. An incubator is extremely suitable for newly founded small enterprises, which do not have their own business premises, sufficient funds and experience, on one hand, but, on the other hand, they have entrepreneurial ideas, goals and determination to do business. The opportunity to give local and regional support to newly founded and small enterprises by means of business incubators in Bosnia and Herzegovina is significant because it delivers the key elements for the development of incubators, such as unused spaces in all municipalities, that can be easily transformed into a workspace and adapt to the needs of new entrepreneurs.