The European Union funded EU Incubator Hive is a programme implemented by EU Innovative Entrepreneurship that aims to support and promote entrepreneurship. It provides physical facilities, marketing assistance, access to capital, business training programs, advisory boards and mentors, networking facilities, and employment opportunities. The functions of the EU Incubator Hive are to act as a “safe house” for start-ups, spur entrepreneurial talent, enhance the probability of success of start-ups, act as a centre for innovation, and promote regional growth and development.