First of all, let us understand the meaning of both terms. The term self-funding means that you have sufficient funds with the help of that you can start a business. On the incubators means the company that helps your idea to grow. Incubators are designed specially to accelerate your business and convert it into a successful business.
There are plenty of incubators available in the market, like the Party Hat startup incubator. However, there is only one or two percent of the people have funds that support their idea. Rest all take help of the incubators.
Differences
Funding
If you use self-funding to start a business, you might end up with all your savings. But, on the other hand, if you take help from the incubators, they will provide you with all the funds you need. Also, they will not ask you to invest your money. Instead, they will support you with total funding.
Suggestion and ideas
Incubators like Party hat startup ideas will also help you to modify your plan. They will first ask you regarding your plan. Later they will check whether the plan you are having is appropriate as per the needs of people. Finally, they will also provide you with good suggestions and ideas that will enhance your startup idea.
Other resources
For starting a business, you not only need money but many other things. It would be best to find a place to start, website, labor, and many other things. If you choose a self-funding way, then you have to find all these resources on your own. It might get challenging for you to look after all these things. If you take the help of Party Hat, then you will find all the resources in one place without any hindrance. You will also get total funding for all these resources.