There seems to be more than a little confusion about the name of the new department. c21 Media has it as "Incubator"; The Hollywood Reporter has it as "Fox Inkubation"; Variety cuts the baby in half with "Fox Inkubator."
This is some very cool news, and they're already funding some projects! I can't wait to see them, and it would be awesome if this actually leads to a couple of full fledged shows.