Stockholm, Sweden – On November 19, 2015, UBI Global hosted an online award ceremony for the 2015 High Impact Incubation Programs in Africa. The event was held at UBI Global's headquarters in Stockholm and streamed live via http://ubi-global.com/. UBI Global's CEO, Ali Amin, hosted the broadcast and began by sharing insights on the global incubation landscape and the 2015 benchmark sample before focusing on the African region.
Our African business incubation landscape is made up of 19 incubators, each with an average yearly operations budget of $335.5K, which equates to nearly $6.4M annually for the region. With regards to sector focus, over one third (42%) of Africa’s business incubators are concentrated on ICT, whilst Non-specialized incubation programmes are the second biggest focus. The third biggest sector in the African business landscape is Cleantech (16%). A further 11% are focused on Biotech. No incubators on UBI Global’s sample of Arican business incubators are focused of Life sciences. Incubators focused on Social/Environment and Other have a small but equal share of sector focus with 5% each.