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What is a startup studio?

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I am looking into a job opportunity with a software company that describes themselves as a "startup studio". What do they mean?
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"Startup studio" is a fairly loose term that is applied to businesses focused on developing one or more startup ideas into viable businesses. They are usually not committed to just one idea or strategy, so their product / service focus may change quite a bit as ideas are developed and assessed.

Sometimes this term is also applied to businesses that are more like hands-on venture capital firms that invest in early stage startups and become active as managers, etc in the startups themselves.

See the Wikipedia entry for startup studio for more info.