05 March 2018
UBI Global is a group of entrepreneurs based in Sweden that focuses on university-based incubators. Its mission is to collect data on successful start-up companies and to improve the efficiency of business incubators and business accelerators through comprehensive benchmarking. Since 2013 it has published world and regional rankings in order to help university-linked incubation programs become more efficient and competitive.
The current rankings are based on 21 indicators comprising Jobs created and sustained, Sales revenue, Graduates, Self-generated revenue, Client start-ups accepted, Graduate retention, Services offered, Coaching and mentoring hours, Total investment attracted, Average investment attracted, Seed funding attracted, Partners, Events, Engaged alumni, In-state applications, Out-of-state applications, Sponsorship attraction, 1-year survival rate, 5-year survival rate, High growth enterprise, and IPOS.
There are various classes of business incubators. For those managed by universities, the first place is held jointly by the SETsquared Partnership, UK, run by the Universities of Bath, Bristol, Exeter, Southampton and Surrey, and the DMZ at Ryerson University, Canada.
For incubators affiliated with universities first place goes to 1871 – Chicago’s Technology and Entrepreneurship Center including the University of Illinois, the University of Chicago, Northwestern University, DePaul University, Loyola University Chicago, Illinois Institute of Technology, and DeVry University.
The top incubator collaborating with universities is the Guinness Enterprise Centre, Ireland, sponsored by University College Dublin, Trinity Innovation Academy, UCD Innovation Academy, Smurfit School of business, Royal College of Surgeons in Ireland, Dublin City University, HEC Paris, IE Madrid, Northeastern University, and University of Shanghai.
The world top business accelerator linked to a university is York Entrepreneurship Development Institute at York University, Canada.
There are twenty countries represented in these rankings. Canada is represented by eight incubators and accelerators, followed by Russia, USA, Brazil, and Sweden, with four each.