In today's fast-changing business environment, entrepreneurship and innovation play a significant role in the growth of the economy and society towards positive progression. This points out the significance of business incubation as a strategy used by business incubators to provide invaluable information, mentorship, and networking opportunities to startups which helps them through the different obstacles that comes with entrepreneurship. This chapter illustrates the relationship between business incubators and increased startup survival rates, creation of jobs, and generation of revenue. The final part of the chapter looks at what lies ahead for business incubation including current and new technological innovations, the spread and issues of globalization, advancements in the sector and changes in society that have driven large economic shifts into the market.