Ireland’s NDRC was ranked the No 2 university business accelerator in the world at the prestigious UBI Awards in London last night, providing further confirmation of the central place the Dublin based organisation maintains in the global innovation ecosystem. Established in 2007, NDRC invests in and works with entrepreneurs and startup teams to deliver digital ventures..//..
More than 2500 participants attended SOCAP15 (Social Capital Markets) on October 6-9, the world’s leading conference on impact investing and social enterprise. This year the UBI Global team accepted their invitation to speak at the conference and made the 8616km journey from Stockholm to San Francisco where SOCAP is held annually.
SOCAP has created a platform where social impact leaders can connect and present their ideas to a global audience.The event brings together groundbreaking pioneers from different industries in the social innovation ecosystem; sharing ideas on the economy, health, and philanthropy to make the world a better place!
One of the primary purposes of our participation was to define the landscape of Social Business Incubation Programs in the U.S., highlight best practices and give recognition to the best performers in the Social Innovation space. Together with Cisco Corporate Affairs UBI Global developed a comprehensive framework to measure Incubation Performance on social innovation, which was presented during a 90-min workshop session on Thursday afternoon (October 8th).
Dhruv Bhatli, UBI Global’s Director of Research, took the lead and presented the results of the benchmark study together with Mary de Wysocki, Sr. Director Corporate Affairs at Cisco Systems and Amanda Cumberland, Market Research Lead, Cisco Corporate Affairs at Cisco Systems. During the session, the landscape data was presented, and productive conversations regarding the importance of measuring impact for Social Incubators took place.
“Social incubators not only create economic impact but also have impact in other sectors, such as healthcare, education, and the environment. As the number of social incubation programs increase in the global incubation sector, there is a greater need to help programs improve and help others start”
said Tae Yoo, Senior Vice President, Corporate Affairs at Cisco Systems in her insightful piece in the Huffington Post. She continued “Benchmarking can help us understand best practices across social incubators and, in turn, help us make them better and create more jobs. Establishing a benchmark also enables the surfacing and sharing of data-driven best practices in order to catalyze a network of incubators for social innovation.”
Through the benchmark participating programs were able to grow together, collaborate and improve their performance in key performance areas. This in return will lead to more successful social startups that tackle social or environmental challenges around the world. Our highlight of the SOCAP15 conference was the Cisco and UBI Global networking reception where the awardees of UBI Global’s newest Benchmark Category were announced. With the sunset setting over the golden gate bridge, UBI Global’s CEO, Ali Amin, gave recognition to six Social High Impact Incubation Programs in the U.S.
A High Impact Social Incubator is an incubator managed or formally affiliated with a university, that nurtures ‘social ventures’, that provide better value for the ecosystem and their startup clients than their regional or global peers. They stand out from average-performing incubators with better outcomes on economy enhancement, access to funds and post-incubation performance indicators.
The six High Impact Social Incubators in the U.S. 2015 are:
The Venture Lab (V-Lab) at The American University in Cairo (AUC) has been named “High Impact Incubation Program” in the Middle East and North Africa by Sweden-based UBI-Global. The news was announced at the recognition awards ceremony of top performing university business incubators hosted by UBI Global and King Abdullah University of Science and Technology (KAUST) in Saudi Arabia in MENA 2015..//..
“This award demonstrates the value of organizations such as Innovate Calgary and TEC Edmonton in supporting the University of Calgary and University of Alberta to extract economic and social value from the outstanding research at each institution in addition to driving the entrepreneurial spirit within our community,” says Peter Garrett, president, Innovate Calgary..//..
“The UBI Global ranking confirms that 1871 continues to be a leader in its support of innovation and the entrepreneurial community,” said 1871 CEO Howard A. Tullman in a statement. “By offering hundreds of member companies the best educational resources, individualized programming, mentorship from top industry leaders, and access to potential investors, 1871 works to make a real, positive impact on Chicago’s economy by helping entrepreneurs develop successful technology businesses.”.//..
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 performing university business incubators in North America. The event was held at Malaparte at TIFF Bell Lightbox, 350 King St W, Toronto, ON M5V 3X5, Canada.
Sydney-based technology incubator ATP Innovations has made the top three university business incubators in the Asia-Pacific region, in an announcement at the 2015 Asia-Pacific Incubation Forum and UBI Awards. Hosted in Tapei, Taiwan, the awards ceremony identified Asia-Pacific university- business incubators that provide the best value for the ecosystem and their startup clients..//..