Eligibility

To be eligible for participation in the UBI Global Benchmarks, the business incubator or accelerator must fulfill three essential criteria:

  1. They must be an organisation that facilitates entrepreneurship and assist the growth of startups through a systematic incubation process
  2. They must have a quality controlled intake of clients (startups) and regular time bound exits in form of graduate startup clients
  3. They must have an established relationship with the universities, which falls into any one of the following three categories, a) university managed incubator, b) university affiliated incubator, c) incubator with informal affiliation with an university

During the incubation process startup clients are provided with necessary assistance to help them succeed in the market. These may include but are not limited to access to infrastructure, access to competence development training, access to funds, access to network etc.

Level of:

  • Support = provide infrastructure, funds for operation, equipment etc.
  • Involvement = University acting as a decision maker in incubator operations, strategy
  • Collaboration = University and incubator work on joint projects, bids etc.

…can be high, medium or low

University Business Incubator

Three (3) types of program are eligible

A University Business Incubator is:

  • Managed by, affiliated to or informal affiliation with university (-ies)
  • Primary objective is to facilitate entrepreneurship and support early stage (new) ventures through a systematic (mid-long term) and extensive incubation process that includes services and infrastructure
  • Quality controlled intake of clients (startups) and regular time bound exits in form of graduate startup clients

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Also eligible program types

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Business Innovation Center

  • Managed by, affiliated to or informal affiliation with university (-ies)
  • Dedicate their efforts and resources to help entrepreneurs with innovative ideas, turn those ideas into viable, successful and sustainable businesses
  • Core mission is to accelerate innovative entrepreneurship at the local level, through the customized delivery of a comprehensive range of professional support and incubation services (pre-incubation, incubation, post-incubation) targeted at innovative start-ups, spin-offs, entrepreneurs and SMEs

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Business Accelerator

  • Managed by, affiliated to or informal affiliation with university (-ies)
  • A fixed cohort-based program that focuses on catalyzing growth of ventures through an array of intensive mentorship and educational services to prepare client startups for market access
  • Quality controlled intake of clients (startups) and regular time bound exits in form of graduates