Fundamentals of Business Incubator Development

The pattern of the European Union, including Romania as a member state, determines the reconfiguration of Romanian way of acting inorder to develop new business. Learning from others with much more experience in the field of regional economic development may be the key toaccomplish the goal of economic and social cohesion. The gap between Romania and EU-27 average in economic development terms may bereduced only by promoting small businesses to enhance. Creating jobs and building wealth is the only solution available to the current problems ofRomanian economy. The paper intends to respond to basic questions of creating a business incubator. Also, it may be a tool to local and regionalpromoters that want to give rise, in a proper manner, to a Business Incubator.