On February 25th, UBI Global hosted a webinar with speakers from 3 of the most prominent incubators across the globe: Simon Bond from SETSquared (UK), Abdullah Snobar from DMZ (CA) [...]
TORONTO, ON, CANADA – On November 2 and 3, 2015, UBI Global and Ontario Centres of Excellence (OCE) co-hosted a benchmarking conference & award ceremony for the 2015 top [...]
With regards to sector focus, nearly half (42%) of North America’s business incubators are concentrated on social environment. The second biggest focus (27%) is on ICT. The category known as “Other” makes up North America’s third largest sector focus with 15%. These are incubators that have a niche focus such as ventures focusing towards the computer and video game industry. Not one North American incubator in our sample is focused on Biotech. The remaining sectors have a small but almost equal focus on Cleantech (7%), Life Sciences (8%) apart from Non Specialised incubators which make up just (2%) of the North American landscape sample.
On November 2nd and 3rd, UBI Global and Ontario Centres of Excellence (OCE) will co-host the recognition event of top performing university business incubators in North America 2015. All participants from the UBI Global Benchmark of 2015 based in North America are eligible to get recognised and highlighted as a top incubator.
Founded in 2001 with the vision to “To create successful companies based on Georgia Tech Research and Ideas” Venture lab was ranked 5th globally in the 2014/15 Global Benchmark and is affiliated with the Georgia Institute of Technology. To date Venture Lab has launched 303 startups which have raised $1.1B in outside capital.
Its mission of “Fuelling the success of entrepreneurs by connections with potential customers, influencers and experts in a community that drives economic and social change” has seen this Canadian university incubator help startups succeed by connecting them with customers, advisors, influencers and other entrepreneurs.
To date Tec Edmonton’s 100-plus clients have grown an average of 25% per year in revenues and employment, compared to a national growth rate of 10% for early-stage Canadian companies. The one-year survival rate for new companies using TEC services is 96%, compared to the national average of 85%. Over the last three years, its clients have raised more than $165 million in growth capital. To obtain such impressive results TEC utilise a business development line-up that is made up of team who have prior experience of running and managing a startup.
North America and Europe are among the best regions in the world of incubation. There were 7 North American and 8 European incubators on the UBI Global Top 25 University Business Incubators of 2014. With all these success, we should really ask ourselves what their secrets for success are and how their models differ from each other. This blog post will try to shed a light on these questions.