The purpose of a tech incubator in fostering startups is to provide essential resources, mentorship, and support to early-stage companies. Incubators typically offer shared workspace, access to funding sources, and networking opportunities with industry experts. By creating a nurturing environment, they help startups refine their business models, accelerate product development, and increase their chances of success. Through educational programs and tailored guidance, tech incubators aim to enhance entrepreneurial skills and connect startups with potential investors and customers.