Tech incubators play a crucial role in fostering startups by providing essential resources such as mentorship, funding, and networking opportunities. They offer a supportive environment for early-stage companies to develop their ideas and scale their operations. Incubators often provide workspace, administrative support, and access to a network of industry experts, which can significantly enhance a startup's chances of success. By nurturing innovation and entrepreneurship, tech incubators contribute to the overall growth of the tech ecosystem.