1. Short title This Act may be cited as the Incubator Network and Startup Success Act . 2. Definitions In this Act: (1) Startup incubator The term startup incubator means a business or a nonprofit organization that— (A) provides resources and services designed to accelerate the growth and success of businesses, which may include— (i) physical workspace and facilities, including affordable or shared office space; (ii) access to capital, business education, and counseling; (iii) networking and mentorship opportunities; (iv) access to advanced tools and other technology; and (v) other services intended to aid in developing a business; and (B) serves businesses, of which not less than 90 percent are startups. (2) Startup incubator network The term startup incubator network means a group of startup incubators with an agreement to— (A) share resources among network members, which may include— (i) reciprocal facility privileges to an incubator member of a network member; and (ii) common access to capital raising, business education, and networking programs; (B) share information and best practices among network members; (C) designate not less than 1 employee of a network member to be the official point of contact for the network members