What is a startup?

Startups are companies in their initial stages. Startups form when someone has an idea for a product or system they want to implement. Once this idea becomes more planned, certain materials are eventually needed to attain validity and credibility within your concept. Once you develop an idea to the point of having a working prototype or proof of concept, you will assess how your startup will work from a financial standpoint and how it will gain traction. Eventually, your startup will need investors' money to produce your product. You will need support from mentors, advisors, and eventual investors to get to a place where your startup is ready to receive investment. These connections tend to be challenging to make without external help, so many startups receive aid from an incubator.