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the ubi Globalworld rankings of University-linked
Business Incubators and Accelerators
UBI GLOBAL
worldrankings
17/18report
World Ranking Report 17/18
WORLD RANKINGS REPORT 17/18
AUTHORS: JASON CASTILLO, HOLGER MEYER
FEBRUARY 2018
CONTACT US UBI Global
[email protected] Stockholm, Sweden
PUBLISHED FEBRUARY 2018© 2018 UBI Global
Incubation Impact and NetworkAll rights reserved
http://ubi-global.com
This publication is a creative work copyrighted by UBI Global and fully protected by all applicable copyright laws. Reproduction or translation of any part of this work without the permission of the copyright owner is unlawful. Requests for permission or further information should be addressed to the Permission Department, UBI Index AB, Jakobsbergsgatan 22, 111 44 Stockholm, Sweden
RANKINGS AND RECOGNITION OF UNIVERSITY-LINKED BUSINESS INCUBATORS AND ACCELERATORS
TABLE OF CONTENTS
PROGRAM CLASSIFICATION 5
LANDSCAPE AND METHODOLOGY OVERVIEW 6BENCHMARK AND RANKING FRAMEWORK 7
METHODOLOGICAL PROCEDURE 7
SCORE CALCULATION 8
RANKING AND RECOGNITION OVERVIEW 9
RANKINGS 10WORLD TOP BUSINESS INCUBATOR - MANAGED BY UNIVERSITY 10
WORLD TOP BUSINESS INCUBATOR - AFFILIATED BY UNIVERSITY 12
WORLD TOP BUSINESS INCUBATOR - COLLABORATING WITH UNIVERSITY 13
WORLD TOP BUSINESS ACCELERATOR - LINKED TO UNIVERSITY 14
RECOGNITIONS 15TOP CHALLENGER 15
MOST PROMISING 18
HIGH IMPACT CHAMPION 19
PUBLICATIONS 21
ABOUT UBI GLOBAL 22
DIRECTORY: FEATURED PROGRAMS 23
World Ranking Report 17/18
World Ranking Report 17/18
INTRODUCTION
Dear Reader:
Following the World Benchmark Study 2017 – 2018, we are excited to present the Rankings and Recognitions derived from the benchmarking process of 259 business incubators and accelerators from 53 countries worldwide.
University-linked business incubators and accelerators have the unique opportunity to bridge and broker the academic world with the business the world. This ecosystem possesses distinctive characteristics that need consideration when measuring its impact and performance. For this reason, the UBI Global research framework assess each incubation program’s capacity to create value for the ecosystem, their client startups and the incubation program itself. We believe that this holistic approach allows to better capture the nuances of university-linked business incubators and accelerators.
The World Benchmark Study has two main phases: the benchmark and the ranking and recognition phase. The benchmark phase enables individual incubation programs to compare their own impact and performance with global and global top average reference groups.
The rankings and recognition phase highlights top performing programs and the reasons for their exceptional achievements. The further examination of these cases uncovers best practices that can help other programs to become more efficient, effective, and competitive.
With this report we hope to raise awareness of the impressive work being done at university-linked incubators and accelerators across the world and to encourage the further integration of the global incubation ecosystem.
Happy reading!
Holger Meyer Head of Research, UBI Global
Stockholm, Sweden
World Ranking Report 17/185 - Program Classification
The classification of incubation programs into distinctive groups and subgroups allows for a more precise analysis and evaluation of their respective impact and performance results. The 259 incubation programs that participated in the World Benchmark Study 2017-2018 were classified as follows:
1. UNIVERSITY-LINKED BUSINESS INCUBATORS
Incubation programs in this group primarily focus on supporting early-stage client startups in becoming viable and scalable businesses. They are generally characterized by quality-controlled intake of client startups and regular time bound exits. Providing an array of services and infrastructure through a systematic process, such programs usually support their client startups for one to three years. The university-linked business incubators are further divided into the following three subgroups:
Business Incubators that are managed by one or more Universities Business incubators in this subgroup are directly operated by one or more universities. Business Incubators that are affiliated with one or more Universities Business incubators in this subgroup are not directly operated by but formally affiliated with one or more partner
universities based on a contractual agreement. Business Incubators that collaborate with one or more Universities Business incubators in this subgroup have no formal affiliation, but closely collaborate with one or more partner
universities, generally based on a memorandum of understanding.
2. UNIVERSITY-LINKED BUSINESS ACCELERATORS
Incubation programs in this group share a set of characteristics that distinguish them from business incubators and other forms of capacity development services. They are generally fixed-term cohort-based programs. Normally (but not always) focusing on catalyzing later-stage client startup growth, they provide intensive mentorship, training, networking, and access to investment. Intake of new client startups is often highly competitive as many university-linked business accelerators are making a financial investment in their client startups. These ventures generally graduate after a set time, usually a few months. Due to the comparatively small number of university-linked business accelerators in the sample, business accelerators that are (a) managed by, (b) affiliated with, or (c) collaborate with one or more universities are ranked together on the group level and not separately on the subgroup level.
PROGRAM CLASSIFICATION
OUT NOW! Get an in-depth look at the impact and performance of university-linked business incubators and accelerators around the world. The report also includes a comprehensive methodological overview of the research behind the world's most extensive benchmark study.
The data points and KPIs discussed and analyzed in this report include:
Trending sectors, industries and technologies Yearly operational budget and expenditure breakdown Number of employees Number of client startups Available funding from all sources Amount of financial sponsorship attracted Number of events (co-)organized Number of partners and sponsors
Available at http://ubi-global.com/store
WORLD BENCHMARK REPORT 17/18
6 - Landscape and Methodology Overview World Ranking Report 17/18
VALUE FOR ECOSYSTEMThis category assesses the economic impact and performance of the incubation programs and their client and alumni startups as well as the programs’ success in retaining human capital and startups in the ecosystem. The subcategories Economy Enhancement and Talent Retention encompass six identified KPIs.
VALUE FOR CLIENT STARTUPSThis category assesses the number and efficiency of services provided by the programs. Numerous studies have shown that the quantity and quality of services provided is a crucial indicator of long-term startup success. Of equal importance for individual startups as well as the ecosystem in general is the incubation programs’ function as a facilitator of community and network building. The subcategories Competence Development, Access to Funds, and Access to Network encompass a total of eight KPIs.
VALUE FOR INCUBATION PROGRAMThis category assesses the incubation programs’ success in attracting deal flow and third-party support as well as their capacity to create viable companies. The subcategories Program Attractiveness and Post-Incubation Performance encompass a total of seven KPIs.
LANDSCAPE AND METHODOLOGY OVERVIEW
This year the final participants were selected after assessing a total of 1370 programs, 259 of these programs, located in 53 countries, were retained for the benchmark. The 259 assessed programs were compared by utilizing 21 key performance indicators (KPIs) identified by the research literature. These KPIs form the base of the seven subcategory scores, which in turn form the scores in the following three main categories used to calculate the individual Program Impact and Performance Scores (PIPS) for all bench-marked university-linked incubators and accelerators:
North America Latin America Europe Africa Middle East & North Africa Asia-Pacific
387LOCATIONS
259PROGRAMS
6REGIONS
53COUNTRIES
World Ranking Report 17/187 - Landscape and Methodology Overview
BENCHMARK AND RANKING FRAMEWORK
Value forEcosystem
Economy Enhancement
● 1.1 Jobs created & sustained● 1.2 Sales revenue ($*)● 1.3 Graduates● 1.4 Self-generated revenue ($)
Talent Retention
● 1.5 Client startups accepted (#)● 1.6 Graduate retention (#, %)
Value for Client Startups
Competence Development
● 2.1 Services offered (#)● 2.2 Coaching & mentoring hours (#)
Access to Funds
● 2.3 Total investment attracted ($)● 2.4 Average investment attracted ($)● 2.5 Seed funding attraction (#, %)
Access to Network
● 2.6 Partners (#)● 2.7 Events (#)● 2.8 Alumni engagement (#, %)
Value for Incubation Program
Program Attractiveness
● 3.1 In-state applications (#, #/spot)● 3.2 Out-of-state applications (#, #/spot)● 3.3 Sponsorship attraction ($)
Post-incubation Performance
● 3.4 1-year survival rate (%)● 3.5 5-year survival rate (%)● 3.6 High-growth enterprises (%)● 3.7 IPOs (#)
*All fiscal information is converted to and represented in 2016 US dollars
KPI Weight
● High ● Medium ● Low
Assessment of all applying university-linked incubation programs
Collection of performance and descriptive data from all accepted programs
Preliminary performance score calculation by summing each program’s KPI scores
Impact evaluation of program type, age, size, ecosystem and other factors
Relative ranking of incubation programs based on verified performance data
Identification of top performers in multiple global, regional and national categories
Benchmark level calculation, including global top, average, regional, and other levels
Benchmarking of all programs against relevant benchmark levels
Data cleaning and validation, detection of input errors, outliers and anomalies
Performance data normalization and weighing, reflecting each dimension’s relative importance
1Data Collection
2Data Treatment
3Performance Assessment
4Program Ranking
5Program
Benchmarking
METHODOLOGICAL PROCEDURE
After step 2 and 3: Automatic flagging of unusual or suspicious data: desk research; request for supporting documentation; input from research advisory board members, country ambassadors and other industry experts; qualitative interviews with select incubation programs
Verification &Validation
21 KPIs measured
8 - Landscape and Methodology Overview World Ranking Report 17/18
SCORE CALCULATIONEach assessed program receives a Program Impact and Performance Score (PIPS) based on its achievements relative to the sample.
First, the KPI scores are multiplied by their respective weights. The average of the weighted KPI scores in each subcategory represents
the subcategory score. Second, the average of the respective weighted subcategory scores generates the category scores. Finally, the
average of the three category scores equals the PIPS.
The programs with the highest PIPS relative to their global, regional or socio-economic peers, are the the ones that are being recognised
as top performing incubation programs within their respective categories.
SCORING FRAMEWORK FOR THE WORLD BENCHMARK STUDY 2017 - 2018
21 KPIS (DIMENSIONS) PERIOD UNIT WEIGHT 7 SUBCATEGORIES 3 CATEGORIES 1 PIPS
1. Jobs created & sustained (Workforce) 1 yr # 6.7%
1. Economy Enhancement (22.2%) 1. Value for
Ecosystem (33.3%)
Prog
ram
Im
pact
and
Per
form
ance
Sco
re (1
00%
)
2. Sales revenue (Economic Output) 1 yr $ 6.7%
3. Graduates (Economic Development) 5 yrs # 4.4%
4. Self-generated revenue (Sustainability) 1 yr $ 4.4%
5. Client startups accepted (Human capital - short term)
1 yr # 6.7%2. Talent Retention (11.1%)6. Graduate retention (Human capital - long
term)5 yrs #, % 4.4%
7. Services offered (Support) 1 yr # 4.4% 3. Competence Development (8.9%)
2. Value for Client Startups (33.3%)
8. Coaching and mentoring hours (Guidance) 1 yr # 4.4%
9. Total investment attracted (Funding - total) 5 yrs $ 6.7%
4. Access to Funds (11.1%)
10. Average investment attracted (Funding - average)
5 yrs $ 2.2%
11. Seed funding attraction (Funding - probability)
1 yr #, % 2.2%
12. Partners (Business development) 1 yr # 6.7%5. Access to Network (13.3%)
13. Events (Stakeholder engagement) 1 yr # 4.4%
14. Engaged alumni (Peer support) 1 yr #, % 2.2%
15. In-state applications (Reputation - local/regional)
1 yr#, #/spot
6.7%6. Program Attractiveness (15.5%)
3. Value for Incubation Program (33.3%6)
16. Out-of-state applications (Reputation - national/global)
1 yr#, #/spot
4.4%
17. Sponsorship attraction (Brand) 1 yr $ 4.4%
18. 1-year survival rate (Success - potential) 10 yrs % 6.7%
7. Post-incubation performance (17.8%)
19. 5-year survival rate (Success - promise) 10 yrs % 4.4%
20. High growth enterprises (Success - evidence)
10 yrs % 6.7%
21. IPOs (Success - proof) 10 yrs # 4.4%
World Ranking Report 17/189 - Ranking and Recognition Overview
Dependent on the available sample size and composition, the ranking categories are chosen based on two dimensions:
1. PROGRAM TYPE
Incubator Accelerator
Of the 1,370 incubators and accelerators that were initially assessed, 259 programs were retained for the benchmarking process which resulted in four world ranking groups. Due to the comparatively small number of university-linked business accelerators in the sample, business accelerators that are (a) managed by, (b) affiliated with, or (c) collaborate with one or more universities are ranked together on the group level and not separately on the subgroup level. Addional recognition is also given to incubation programs in six regional groups, three socio-economic groups and six high impact groups.
RANKING GROUPS WORLD TOP BUSINESS INCUBATION PROGRAM - A business incubator or accelerator connected to an institution of higher education that achieves outstanding impact and performance relative to its global peers. The program outperforms its global peers with regard to the value it provides to its innovation ecosystem and its client startups, as well as the attractiveness of the program itself.
RANKING AND RECOGNITION OVERVIEW
2. RELATIONSHIP WITH PARTNER UNIVERSITY(-IES)
Managed by Affiliated with Collaborating with
RECOGNITION GROUPS TOP CHALLENGER - A university-linked business incubator or accelerator that stands out from its peers due to its impressive overall impact and performance achievements relative to its respective regional peer group.
MOST PROMISING - A university-linked business incubator or accelerator that stands out from its peers due to its impressive overall achievements relative to its young age or with regard to a particularly relevant socio-economic impact metric.
HIGH IMPACT CHAMPION - A university-linked business incubator or accelerator that stands out from its peers due to its exceptional results with regards to a particularly relevant impact metric.
40% of the sample 15% of the sample 25% of the sample 20% of the sample
10 - Rankings World Ranking Report 17/18
RANKING PROGRAM UNIVERSITY COUNTRY
#1
The SETsquared Partnership University of Bath, University of Bristol, University of Exeter, University of Southampton, University of Surrey
United Kingdom
The DMZ at Ryerson University Ryerson University Canada
#3 PoliHub - Startup District & Incubator Politecnico di Milano Italy
#4 University of Toronto Entrepreneurship University of Toronto Canada
#5Incubadora de Alto Impacto del Tecnológico de Monterrey, Campus León (TEC LEAN)
Instituto Tecnológico y de Estudios Superiores de Monterrey Mexico
#6 IncubaUdeC Universidad de Concepción Chile
#7Business Incubator of NRU Higher School of Economics (HSE Inc)
HSE (National Research University Higher School of Economics) Russia
#8 McGill Dobson Centre for Entrepreneurship McGill University Canada
#9 Startup Aggieland Texas A&M University United States
#10Red de Incubadoras de la Universidad del Valle de Mexico
Universidad del Valle de Mexico Mexico
#11 Instituto Gênesis PUC-Rio PUC-Rio Brazil
#12
Chalmers Ventures Chalmers University of Technology Sweden
Programa EAN Impacta-Instituto para el Emprendimiento Sostenible
Universidad EAN Colombia
#14 ITMO University Business Incubator ITMO University Russia
#15
The Clarence Centre for Enterprise & Innovation
London South Bank University United Kingdom
Instituto Internacional para la Innovación Empresarial (3IE)
Universidad Técnica Federico Santa María Chile
#17
Universidad de Antioquia - Parque del Emprendimiento
Universidad De Antioquia Colombia
GU Ventures Göteborgs Universitet Sweden
#19 Incubadora de Empresas da COPPE/UFRJ Universidade Federal do Rio de Janeiro Brazil
#20 Oamk LABs Oulu University of Applied Sciences Finland
RANKINGSWORLD TOP BUSINESS INCUBATOR - MANAGED BY UNIVERSITY
A business incubator that is directly operated by one or more universities that achieves outstanding impact and performance relative to its global peers. The program outperforms its global peers with regard to the value it provides to its innovation ecosystem and its client startups, as well as the attractiveness of the program itself.
NB! Whenever two programs' final PIPS are separated by less than 0.5 percentage points the two programs share the higher ranking position.
World Ranking Report 17/1811 - Rankings
OUT NOW! Get an in-depth look at the impact and performance of university-linked business incubators and accelerators around the world. The report also includes a comprehensive methodological overview of the research behind the world's most extensive benchmark study.
The data points and KPIs discussed and analyzed in this report include:
Trending sectors, industries and technologies Yearly operational budget and expenditure breakdown Number of employees Number of client startups Available funding from all sources Amount of financial sponsorship attracted Number of events (co-)organized Number of partners and sponsors
Available at http://ubi-global.com/store
WORLD BENCHMARK REPORT 17/18
Home countries of programs represented in the category World Top Business Incubator - Managed by University
12 - Rankings World Ranking Report 17/18
WORLD TOP BUSINESS INCUBATOR - AFFILIATED WITH UNIVERSITY
A business incubator that is not directly operated by but is formally affiliated with one or more partner universities
based on a contractual agreement that achieves outstanding impact and performance relative to its global peers.
The program outperforms its global peers with regard to the value it provides to its innovation ecosystem and its
client startups, as well as the attractiveness of the program itself.
RANKING PROGRAM UNIVERSITY COUNTRY
#11871 - Chicago's Technology & Entrepreneurship Center
The University of Illinois, The University of Chicago, Northwestern University, DePaul University, Loyola University Chicago, Illinois Institute of Technology, DeVry University
United States
#2 YES!Delft TU Delft Netherlands
#3 İTÜ Çekirdek Istanbul Technical University Turkey
#4 Uppsala Innovation Centre Uppsala University, Swedish University of Agricultural Sciences Sweden
#5 IPN Incubadora Universidade de Coimbra, Instituto Politécnico de Coimbra Portugal
#6INiTS Universitäres Gründerservice Wien GmbH
University of Vienna, Technical University of Vienna Austria
#7 Arctic Business Incubator Luleå University of Technology Sweden
#8 Bilkent CYBERPARK I.D. Bilkent University Turkey
#9 Global Incubation Services (GINSERV) JSS Mahavidyapeetha India
#10 UtrechtIncUtrecht University, University Medical Center Utrecht, University of Applied Sciences Utrecht
Netherlands
Home countries of programs represented in the category World Top Business Incubator - Affiliated with University
World Ranking Report 17/1813 - Rankings
WORLD TOP BUSINESS INCUBATOR - COLLABORATING WITH UNIVERSITY
A business incubator that has no formal affiliation but closely collaborates with one or more partner universities,
generally based on a memorandum of understanding, that achieves outstanding impact and performance relative
to its global peers. The program outperforms its global peers with regard to the value it provides to its innovation
ecosystem and its client startups, as well as the attractiveness of the program itself.
RANKING PROGRAM UNIVERSITY COUNTRY
#1 Guinness Enterprise Centre
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, University of Shanghai
Ireland
#2 Montpellier BIC Universities of Montpellier France
#3 Shell Iniciativa Jovem Universidade Veiga de Almeida, Universidade Estácio de Sá Brazil
#4
PeninsulaUniversitat Pompeu Fabra (UPF), UOC (Universitat Oberta de Catalunya), UPC (Universitat Politècnica de Catalunya)
Spain
MIDI TecnológicoACATE - Associação Catarinense de Empresas de Tecnologia, Sebrae/SC - Serviço de Apoio às Micro e Pequenas Empresas de Santa Catarina, ansla
Brazil
#6 Startup Clúster S.AP.I. de C.V.Universidad Anáhuac- Mayab, Universidad Nacional Autónoma de México, Instituto Politécnico Nacional, Tecnológico de Monterrey, Campus León, Universidad Iberoamericana
Mexico
#7 Emerging Technology CentersUniversity of Maryland, Baltimore, Johns Hopkins University, University of Baltimore, Morgan State University
United States
#8 Ingria Residentship ProgramHSE (National Research University Higher School of Economics), GSOM SPbU, ITMO University, SPbSTU
Russia
#9
Startup Lisboa Nova Sbe Portugal
Los Angeles Cleantech Incubator (LACI)
University of California, Los Angeles (UCLA), California Institute of Technology (Caltech), University of Southern California (USC), California State University, Northridge (CSUN), California State University, Los Angeles (CSULA)
United States
NB! Whenever two programs' final PIPS are separated by less than 0.5 percentage points the two programs share the higher ranking position.
Home countries of programs represented in the category World Top Business Incubator - Collaborating with University
14 - Rankings World Ranking Report 17/18
WORLD TOP BUSINESS ACCELERATOR - LINKED TO UNIVERSITY
A business accelerator that are managed by, affiliated with, or collaborates with one or more universities that
achieves outstanding impact and performance relative to its global peers. The program outperforms its global
peers with regard to the value it provides to its innovation ecosystem and its client startups, as well as the
attractiveness of the program itself.
RANKING PROGRAM UNIVERSITY COUNTRY
#1York Entrepreneurship Development Institute (YEDI) York University Canada
#2 Entrepreneuriat Laval inc. Laval University Canada
#3 TEC Edmonton University of Alberta Canada
#4
The Accelerator Centre University of Waterloo Canada
imecGhent University, University of Antwerp, Free University of Brussels, Hasselt University, KU Leuven
Belgium
#6 NDRCTrinity College Dublin, University College Dublin, Dublin City University, Institute of Art, Design & Technology, National College of Art & Design
Ireland
#7 Captains of Russia Plekhanov Russian University of Economics Russia
#8 IncubatecUFRO Universidad de La Frontera Chile
#9
Centech École De Technologie Supérieure Canada
Building Global Innovators ISCTE – University Institute of Lisbon, MIT Portugal Portugal
NB! Whenever two programs' final PIPS are separated by less than 0.5 percentage points the two programs share the higher ranking position.
Home countries of programs represented in the category World Top Business Accelerator - Linked to University
World Ranking Report 17/1815 - Recognitions
RECOGNITIONSTOP CHALLENGER
PROGRAM UNIVERSITY COUNTRY
LaunchLabStellenbosch University, University of Western Cape, University of Cape Town, University of Johannesburg, University of Kwazulu Natal, University of Pretoria, University of Witwatersrand
South Africa
NETFUND Incubation Centre Daystar University Kenya
Wennovation Hub Emory University, University of Ibadan, Covenant University, Obafemi Awolowo University
Nigeria
PROGRAM UNIVERSITY COUNTRY
New Venture Institute Flinders University Australia
Plan9 - PITB's Tech IncubatorSuperior University, University of Management and Technology, Bahria University, Beaconhouse National University, Forman Christian College, COMSATS
Pakistan
Society for Innovation & Entrepreneurship (SINE)
Indian Institute of Technology Bombay India
PROGRAM UNIVERSITY COUNTRY
GVA Accelerator
National Research University Higher School of Economics, Lomon-osov Moscow State University, Bauman Moscow State University, Moscow State University of Railway Engineering, National University of Science and Technology MISIS, National Research University MIPT, National University of Science and Technology MISIS, Financial University under the Government of the Russian Federation
Russia
DIT Hothouse Dublin Institute of Technology (DIT) Ireland
Technoport SA
Birmingham City University, Université de Lorraine-ENSGSI, ESTIA - Institute of Technology, EPITECH, University of Luxembourg, Technische Universiteit Eindhoven, KU Leuven, University for Creative Arts (UK)
Luxembourg
TOP CHALLENGER - AFRICA
TOP CHALLENGER - ASIA-PACIFIC
TOP CHALLENGER - EUROPE
A university-linked incubation program that stands out from its peers due to its impressive overall impact and
performance achievements relative to its respective regional peers.
In alphabetical order.
16 - Recognitions World Ranking Report 17/18
PROGRAM UNIVERSITY COUNTRY
Chrysalis PUCV Pontificia Universidad Católica de Valparaíso Chile
Incubadora Campus Nova by Pontificia Universidad Javeriana Cali
Pontificia Universidad Javeriana - Cali Colombia
MacondoLab Universidad Simón Bolívar, Universida Simon Bolivar Colombia
PROGRAM UNIVERSITY COUNTRY
AUC Venture Lab The American University in Cairo Egypt
Berytech Foundation Université Saint Joseph de Beyrouth (USJ) Lebanon
KAUST Entrepreneurship Center King Abdullah University of Science and Technology (KAUST) Kingdom of Saudi Arabia
PROGRAM UNIVERSITY COUNTRY
Henry Bernick Entrepreneurship Centre
Georgian College Canada
Seed SpotGeorge Washington University, Arizona State University, Emory University
United States
VentureLabs® Simon Fraser University Canada
TOP CHALLENGER - LATIN AMERICA
TOP CHALLENGER - MIDDLE EAST & NORTH AFRICA
TOP CHALLENGER - NORTH AMERICA
World Ranking Report 17/1817 - Recognitions
NEW! Learn about business incubation best practices by taking an in-depth look behind the scenes at top university-linked incubators and accelerators. Hear from the directors and CEOs of twelve top-ranked programs how they developed their business models, set up their operations, developed their revenue streams, and overcame challenges and exploited opportunities in the business incubation industry.
In this comprehensive report you will find:
Best practices for effectively managing your incubation program Detailed descriptions of successful incubation business models Strategies to build a sustainable and diversified revenue stream Different strategies to attract financial sponsorship Proven tactics for acquiring top talent and boosting deal flow Different strategies to attract financial sponsorship Models for screening and selecting fitting client startups
Available at http://ubi-global.com/store
CASE STUDIES 2018 - VOLUME 1
Home countries of programs represented in the category Top Challenger - Linked to University
18 - Recognitions World Ranking Report 17/18
MOST PROMISING
A university-linked business incubator or accelerator that stands out from its peers due to its impressive overall achievements relative to its
young age or with regard to a particularly relevant socio-economic impact metric.
In alphabetical order.
PROGRAM UNIVERSITY COUNTRY
Fledge Presidio Graduate School United States
Incubadora FUMEC de Alto Impacto Universidad Politécnica de Tlaxcala Mexico
Seed Spot George Washington University, Arizona State University, Emory University
United States
PROGRAM UNIVERSITY COUNTRY
Incubadora FUMEC de Alto Impacto Universidad Politécnica de Tlaxcala Mexico
Incubadora Social CEM Instituto Tecnológico y de Estudios Superiores de Monterrey Mexico
xPORT Business Accelerator VŠE University of Economics, Prague Czech Republic
PROGRAM UNIVERSITY COUNTRY
Berytech Foundation Université Saint Joseph de Beyrouth (USJ) Lebanon
Gerakan Nasional 1000 Startup DigitalUniversitas Gadjah Mada, Universitas Hassanudin, Institut Teknologi Surabaya, London School of Public Relation, Universitas Trisakti
Indonesia
Henry Bernick Entrepreneurship Centre Georgian College Canada
MOST PROMISING - SOCIAL INNOVATION PROGRAM
MOST PROMISING - FEMALE FOUNDERS
MOST PROMISING - YOUNG INCUBATION PROGRAM
University-linked incubation program, founded in or after 2014, that stand out from its peers due to its impressive overall achievements
relative to its age.
University-linked incubation program that achieves high impact and performance results while predominantly serving female founders.
University-linked incubation program that achieves high impact and performance results while predominantly serving social ventures.
World Ranking Report 17/1819 - Recognitions
HIGH IMPACT CHAMPION
A university-linked business incubator or accelerator that stands out from its peers due to its exceptional results
with regards to a particularly relevant impact metric.
In alphabetical order.
PROGRAM UNIVERSITY COUNTRY
1871 - Chicago's Technology & Entrepreneurship Center
The University of Illinois, The University of Chicago, Northwestern University, DePaul University, Loyola University Chicago, Illinois Institute of Technology, DeVry University
United States
PoliHub - Startup District & Incubator Politecnico di Milano Italy
University of Toronto Entrepreneurship University of Toronto Canada
PROGRAM UNIVERSITY COUNTRY
Ingria Residentship ProgramHSE (National Research University Higher School of Economics), GSOM SPbU, ITMO University, SPbSTU
Russia
Instituto Gênesis PUC-Rio PUC-Rio Brazil
The SETsquared PartnershipUniversity of Bath, University of Bristol, University of Exeter, Univer-sity of Southampton, University of Surrey
United Kingdom
PROGRAM UNIVERSITY COUNTRY
CREAME Incubadora de Empresas
Universidad Lasallista, Universidad Pontificia Bolivariana, Institucion Universitaria De Envigado, Instituto Tecnologico Metropolitano, Universidad Nacional, Universidad De Medellin, Fundacion Universitaria Maria Cano, Universidad Eia
Colombia
Seed Spot George Washington University, Arizona State University, Emory University
United States
The DMZ at Ryerson University Ryerson University Canada
HIGH IMPACT CHAMPION - SPONSORSHIP ATTRACTED
HIGH IMPACT CHAMPION - JOBS CREATED & SUSTAINED
HIGH IMPACT CHAMPION - HIGH-GROWTH VENTURES SUPPORTED
20 - Recognitions World Ranking Report 17/18
PROGRAM UNIVERSITY COUNTRY
INiTS Universitäres Gründerservice Wien GmbH Technical University of Vienna Austria
TEC Edmonton University of Alberta Canada
The SETsquared PartnershipUniversity of Bath, University of Bristol, University of Exeter, University of Southampton, University of Surrey
United Kingdom
PROGRAM UNIVERSITY COUNTRY
Entrepreneuriat Laval inc. Laval University Canada
İTÜ Çekirdek Istanbul Technical University Turkey
York Entrepreneurship Development Institute York University Canada
PROGRAM UNIVERSITY COUNTRY
1871 - Chicago's Technology & Entrepreneurship Center
The University of Illinois, The University of Chicago, Northwestern University, DePaul University, Loyola University Chicago, Illinois Institute of Technology, DeVry University
United States
Los Angeles Cleantech Incubator (LACI)
University of California, Los Angeles (UCLA), California Institute of Technology (Caltech), University of Southern California (USC), California State University, Northridge (CSUN), California State University, Los Angeles (CSULA)
United States
The SETsquared PartnershipUniversity of Bath, University of Bristol, University of Exeter, Univer-sity of Southampton, University of Surrey
United Kingdom
HIGH IMPACT CHAMPION - PARTNERS ESTABLISHED
HIGH IMPACT CHAMPION - INVESTMENT ATTRACTED
HIGH IMPACT CHAMPION - APPLICATIONS RECEIVED
World Ranking Report 17/1821 - Publications
PUBLICATIONS
OUT NOW! Get an in-depth look at the impact and performance of university-linked business incubators and accelerators around the world. The report also includes a comprehensive methodological overview of the research behind the world's most extensive benchmark study.
The data points and KPIs discussed and analyzed in this report include:
Trending sectors, industries and technologies Yearly operational budget and expenditure breakdown Number of employees Number of client startups Available funding from all sources Amount of financial sponsorship attracted Number of events (co-)organized Number of partners and sponsors
Available at http://ubi-global.com/store
NEW! Learn about business incubation best practices by taking an in-depth look behind the scenes at top university-linked incubators and accelerators. Hear from the directors and CEOs of twelve top-ranked programs how they developed their business models, set up their operations, developed their revenue streams, and overcame challenges and exploited opportunities in the business incubation industry.
In this comprehensive report you will find:
Best practices for effectively managing your incubation program Detailed descriptions of successful incubation business models Strategies to build a sustainable and diversified revenue stream Different strategies to attract financial sponsorship Proven tactics for acquiring top talent and boosting deal flow Different strategies to attract financial sponsorship Models for screening and selecting fitting client startups
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SUCCESS STORIES! This report highlights successful client and alumni startups from incubation programs in the UBI Global network. The depicted startups are highly successful in their respective industries and demonstrate the fascinating diversity and creative energy that characterizes the university-linked innovation ecosystem. This compilation of success stories contains:
132 successful startups from 21 countries 12 in-depth startup stories and how they made an impact in the world More than 40 university-linked incubation programs with program overview
and business model
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World Ranking Report 17/1822 - UBI Global
ABOUT UBI GLOBAL
UBI GLOBAL WE MAP, HIGHLIGHT & CONNECT THE WORLD OF BUSINESS INCUBATION
UBI Global is a Stockholm-based data and advisory firm specializing in mapping and highlighting the world of business incubation. Through a network of more than 500 member organizations globally, we provide matchmaking, ranking, benchmarking, and research services to corporations and business incubation programs. UBI Global measures the impact and performance of business incubation programs with a proprietary evaluation model. As part of its bi-annual world benchmark study, the company releases the world’s top performing university-linked business incubator and accelerator rankings, in which more than 700 organizations from over 70 countries have participated to date.
The research results from UBI Global’s studies have been featured on BBC Radio, The Chicago Tribune, Le Figaro, Der Standard, The Huffington Post, The Irish Times, France 3, and other media.
For more information, please visit: http://ubi-global.com
60+
INDUSTRIESCOVERED
500+
INCUBATOR AND ACCELERATORMEMBERS ACCEPTED
5,000+
INDIVIDUAL PROFESSIONALSINVOLVED
800+
UNIVERSITIESENGAGED
15,000+
STARTUPSMAPPED
70+
COUNTRIESREPRESENTED
World Ranking Report 17/1823 - Directory: Featured Programs
PROGRAM UNIVERSITY COUNTRY RANKING
1871 - Chicago's Technology &
Entrepreneurship Center
The University of Illinois, The University of Chicago,
Northwestern University, DePaul University, Loyola University
Chicago, Illinois Institute of Technology, DeVry University
United
States
World Top Business Incubator - Affiliated with
University, High Impact Champion -
Sponsorship, Partners
Arctic Business Incubator Luleå University of Technology SwedenWorld Top Business Incubator - Affiliated with
University
AUC Venture Lab The American University in Cairo Egypt Top Challenger - Middle East & North Africa
Berytech Foundation Université Saint Joseph de Beyrouth (USJ) LebanonTop Challenger - Middle East & North Africa,
Most Promising - Young Incubation Progam
Bilkent CYBERPARK I.D. Bilkent University TurkeyWorld Top Business Incubator - Affiliated with
University
Building Global
InnovatorsISCTE – University Institute of Lisbon, MIT Portugal Portugal
World Top Business Accelerator - Linked to
University
Business Incubator of NRU
Higher School of Economics
(HSE Inc)
HSE (National Research University Higher School of
Economics)Russia
World Top Business Incubator - Managed by
University
Captains of Russia Plekhanov Russian University of Economics RussiaWorld Top Business Accelerator - Linked to
University
Centech École De Technologie Supérieure CanadaWorld Top Business Accelerator - Linked to
University
Chalmers Ventures Chalmers University of Technology SwedenWorld Top Business Incubator - Managed by
University
Chrysalis PUCV Pontificia Universidad Católica de Valparaíso Chile Top Challenger - Latin America
CREAME Incubadora de
Empresas
Universidad Lasallista, Universidad Pontificia Bolivariana,
Institucion Universitaria De Envigado, Instituto Tecnologico
Metropolitano, Universidad Nacional, Universidad De Medellin,
Fundacion Universitaria Maria Cano, Universidad Eia
Colombia High Impact Champion - High-growth Ventures
DMZ at Ryerson University Ryerson University Canada
World Top Business Incubator - Managed by
University, High Impact Champion -
High-growth Ventures
Emerging Technology CentersUniversity of Maryland, Baltimore, Johns Hopkins University,
University of Baltimore, Morgan State University
United
States
World Top Business Incubator - Collaborating
with University
Entrepreneuriat Laval inc. Laval University Canada
World Top Business Accelerator - Linked to
University, High Impact Champion -
Applications received
Fledge Presidio Graduate SchoolUnited
StatesMost Promising - Social Innovation Program
Gerakan Nasional 1000
Startup Digital
Universitas Gadjah Mada, Universitas Hassanudin, Institut
Teknologi Surabaya, London School of Public Relation, Univer-
sitas Trisakti
Indonesia Most Promising - Young Incubation Program
Global Incubation Services
(GINSERV)JSS Mahavidyapeetha India
World Top Business Incubator - Affiliated with
University
GU Ventures Göteborgs Universitet SwedenWorld Top Business Incubator - Managed by
University
DIRECTORY: FEATURED PROGRAMSRanked and recognized university-linked businss incubation programs in alphabetical order.
24 - Directory: Featured Programs World Ranking Report 17/18
PROGRAM UNIVERSITY COUNTRY RANKING
Guinness Enterprise Centre
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
IrelandWorld Top Business Incubator - Collaborating
with University
GVA Accelerator
National Research University Higher School of Economics,
Lomonosov Moscow State University, Bauman Moscow state
university, Moscow State University of Railway Engineering,
National University of Science and Technology MISIS, National
Research University MIPT, National University of Science and
Technology MISIS, Financial University under the Government
of the Russian Federation
Russia Top Challenger - Europe
Henry Bernick
Entrepreneurship CentreGeorgian College Canada
Top Challenger - North America, Most
Promising - Young Incubation Program
imecGhent University, University of Antwerp, Free University of
Brussels, Hasselt University, KU Leuven Belgium
World Top Business Accelerator - Linked to
University
Incubadora Campus Nova by
Pontificia Universidad
Javeriana Cali
Pontificia Universidad Javeriana - Cali Colombia Top Challenger - Latin America
Incubadora de Alto Impacto
del Tecnológico de Monterrey,
Campus León (TEC LEAN)
Instituto Tecnológico y de Estudios Superiores de Monterrey MexicoWorld Top Business Incubator - Managed by
University
Incubadora de Empresas da
COPPE/UFRJUniversidade Federal do Rio de Janeiro Brazil
World Top Business Incubator - Managed by
University
Incubadora FUMEC de Alto
ImpactoUniversidad Politécnica de Tlaxcala Mexico
Most Promising - Social Innovation Program,
Most Promising - Female Foudners
Incubadora Social CEM Instituto Tecnológico y de Estudios Superiores de Monterrey Mexico Most Promising - Female Founders
IncubatecUFRO Universidad de La Frontera ChileWorld Top Business Accelerator - Linked to
University
IncubaUdeC Universidad de Concepción ChileWorld Top Business Incubator - Managed by
University
Ingria Residentship ProgramHSE (National Research University Higher School of Econom-
ics), GSOM SPbU, ITMO University, SPbSTURussia
World Top Business Incubator - Collaborating
with University, High Impact Champion -
Jobs created & sustained
INiTS Universitäres Gründer-
service Wien GmbHUniversity of Vienna, Technical University of Vienna Austria
World Top Business Incubator - Affiliated with
University, High Impact Champion -
Investment attracted
Instituto Gênesis PUC-Rio PUC-Rio Brazil
World Top Business Incubator - Managed
by University, High Impact Champion - Jobs
created & sustained
Instituto Internacional para la
Innovación Empresarial (3IE)Universidad Técnica Federico Santa María Chile
World Top Business Incubator - Managed by
University
IPN Incubadora Universidade de Coimbra, Instituto Politécnico de Coimbra PortugalWorld Top Business Incubator - Affiliated with
University
ITMO University Business
IncubatorITMO University Russia
World Top Business Incubator - Managed by
University
World Ranking Report 17/1825 - Directory: Featured Programs
PROGRAM UNIVERSITY COUNTRY RANKING
İTÜ Çekirdek Istanbul Technical University Turkey
World Top Business Incubator - Affiliated with
University, High Impact Champion -
Applications received
KAUST Entrepreneurship
CenterKing Abdullah University of Science and Technology (KAUST)
Kingdom of
Saudi ArabiaTop Challenger - Middle East & North Africa
LaunchLab
Stellenbosch University, University of Western Cape, University
of Cape Town, University of Johannesburg, University of Kwa-
zulu Natal, University of Pretoria, University of Witwatersrand
South Africa Top Challenger - Africa
Los Angeles Cleantech
Incubator (LACI)
University of California, Los Angeles (UCLA), California Insti-
tute of Technology (Caltech), University of Southern California
(USC), California State University, Northridge (CSUN), California
State University, Los Angeles (CSULA)
United
States
World Top Business Incubator - Collaborating
with University, High Impact Champion -
Partners
MacondoLab Universidad Simón Bolívar, Universida Simon Bolivar Colombia Top Challenger - Latin America
McGill Dobson Centre for
EntrepreneurshipMcGill University Canada
World Top Business Incubator - Managed by
University
MIDI Tecnológico
ACATE - Associação Catarinense de Empresas de Tecnologia,
Sebrae/SC - Serviço de Apoio às Micro e Pequenas Empresas
de Santa Catarina, ansla
BrazilWorld Top Business Incubator - Collaborating
with University
Montpellier BIC Universities of Montpellier FranceWorld Top Business Incubator - Collaborating
with University
NDRC
Trinity College Dublin, University College Dublin, Dublin City
University, Institute of Art, Design & Technology, National
College of Art & Design
IrelandWorld Top Business Accelerator - Linked to
University
NETFUND Incubation Centre Daystar University Kenya Top Challenger - Africa
DIT Hothouse
(New Frontiers)Dublin Institute of Technology (DIT) Ireland Top Challenger - Europe
New Venture Institute Flinders University Australia Top Challenger - Asia-Pacific
Oamk LABs Oulu University of Applied Sciences FinlandWorld Top Business Incubator - Managed by
University
PeninsulaUniversitat Pompeu Fabra (UPF), Universitat Oberta de
Catalunya (UOC), Universitat Politècnica de Catalunya (UPC)Spain
World Top Business Incubator - Collaborating
with University
Plan9 - PITB's Tech Incubator
Superior University, University of Management and
Technology, Bahria University, Beaconhouse National
University, Forman Christian College, COMSATS
Pakistan Top Challenger - Asia-Pacific
PoliHub - Startup District
& IncubatorPolitecnico di Milano Italy
World Top Business Incubator - Managed by
University, High Impact Champion -
Sponsorship
Programa EAN
Impacta-Instituto para el
Emprendimiento Sostenible
Universidad EAN ColombiaWorld Top Business Incubator - Managed by
University
Red de Incubadoras de la
Universidad del Valle de
Mexico
Universidad del Valle de Mexico MexicoWorld Top Business Incubator - Managed by
University
Seed SpotGeorge Washington University, Arizona State University,
Emory University
United
States
Top Challenger - North America, Most Prom-
ising - Social Innovation Program, High Impact
Champion - High-growth Ventures
26 - Directory: Featured Programs World Ranking Report 17/18
PROGRAM UNIVERSITY COUNTRY RANKING
SETsquared PartnershipUniversity of Bath, University of Bristol, University of Exeter,
University of Southampton, University of Surrey
United
Kingdom
World Top Business Incubator - Managed by
University, High Impact Champion -
Jobs created & sustained, Partners,
Investment attracted
Shell Iniciativa Jovem Universidade Veiga de Almeida, Universidade Estácio de Sá BrazilWorld Top Business Incubator - Collaborating
with University
Society for Innovation &
Entrepreneurship (SINE)Indian Institute of Technology Bombay India Top Challenger - Asia-Pacific
Startup Aggieland Texas A&M UniversityUnited
States
World Top Business Incubator - Managed by
University
Startup Clúster S.AP.I. de C.V.
Universidad Anáhuac- Mayab, Universidad Nacional Autóno-
ma de México, Instituto Politécnico Nacional, Tecnológico de
Monterrey, Campus León, Universidad Iberoamericana
MexicoWorld Top Business Incubator - Collaborating
with University
Startup Lisboa Nova Sbe PortugalWorld Top Business Incubator - Collaborating
with University
TEC Edmonton University of Alberta Canada
World Top Business Accelerator - Linked to
University, High Impact Champion -
Investment attracted
Technoport SA
Birmingham City University, Université de Lorraine-ENSG-
SI, ESTIA - Institute of Technology, EPITECH, University of
Luxembourg, Technische Universiteit Eindhoven, KU Leuven,
University for Creative Arts (UK)
Luxem-
bourgTop Challenger - Europe
The Accelerator Centre University of Waterloo CanadaWorld Top Business Accelerator - Linked to
University
The Clarence Centre for Enter-
prise & InnovationLondon South Bank University
United
Kingdom
World Top Business Incubator - Managed by
University
Universidad de Antioquia -
Parque del EmprendimientoUniversidad De Antioquia Colombia
World Top Business Incubator - Managed by
University
University of Toronto
EntrepreneurshipUniversity of Toronto Canada
World Top Business Incubator - Managed by
University, High Impact Champion -
Sponsorship
Uppsala Innovation Centre Uppsala University, Swedish University of Agricultural Sciences SwedenWorld Top Business Incubator - Affiliated with
University
UtrechtIncUtrecht University, University Medical Center Utrecht,
University of Applied Sciences Utrecht Netherlands
World Top Business Incubator - Affiliated with
University
VentureLabs® Simon Fraser University Canada Top Challenger - North America
Wennovation HubEmory University, University of Ibadan, Covenant University,
Obafemi Awolowo UniversityNigeria Top Challenger - Africa
xPORT Business Accelerator
VŠEUniversity of Economics, Prague
Czech
RepublicMost Promising - Female Founders
YES!Delft TU Delft NetherlandsWorld Top Business Incubator - Affiliated with
University
York Entrepreneurship
Development InstituteYork University Canada
World Top Business Accelerator - Linked to
University, High Impact Champion -
Applications received
World Ranking Report 17/1827 - Directory: Featured Programs
the ubi globalworld rankings of University-linked
Business Incubators and Accelerators
UBI GLOBAL
world rankings17/18 report