3 Takeaways from the Case Studies Report 2018

It is always fascinating to see our members’ different routes to success; however, among the strategies to address the challenges and opportunities in different innovation ecosystems, we were able to identify a few patterns that, due to their frequency and efficiency, deserve a closer look.

We are confident that the knowledge gained from the experiences shared by the selection of top twelve university-linked incubators and accelerators in the Case Studies 2018 will benefit you financially for years to come. At the end of each Case Study in the report there is a Key Takeaways section that offers a snapshot of the program’s success. To the UBI Global team, these are the top three most valuable lessons learned:

A value proposition is a term that means value delivered, communicated and acknowledged by the customer. ITU Cekirdek has identified four core components that are important to their ecosystem’s value proposition; their partner university’s reputation, a meaningful and achievable mission statement, world-class incubation services, and strong, mutually beneficial connections with other relevant actors in the local, national and international innovation ecosystem. Clearly defining, communicating and demonstrating these four values in its daily operations empowered ITU Cekirdek to offer one of Turkey’s most effective, efficient, and competitive university-linked incubation programs.

University-linked business incubator 1871 in Chicago, Illinois, USA isn’t number one on our benchmark studies for nothing and when they demonstrate their business model, it is important to take note. Through their focus on business relationships that are based on what they call “enlightened self-interest”, 1871 has offered sound business reasons for large corporate entities to partner with their program. The program has tripled their revenue in the last year because of their understanding of the corporate desire for new innovations, technologies and ideas and how this desire can benefit their own startup clients.

The Canadian incubator Accelerator Centre of Waterloo, Ontario has developed a structured incubation curriculum that can be adjusted to individual client startup’s particular needs on their way from ideation to scale. Including general education as well as one-on-one mentorship components, this curriculum puts a strong emphasis on accountability. Together with the founders, milestones are set for each startup that keep the entrepreneurs on track while also offering flexibility for unique work styles, technological and industry needs. Over 24 months, the entrepreneur walks through the steps to build a successful business and Accelerator Centre provides guidance, accountability and mentorship.

These are just three key takeaways that stood out to our staff at UBI Global when compiling the Case Studies 2018 report. Twelve of the top university-linked incubators and accelerators generously shared their experience and knowledge in order to further startup success across the globe. Don’t wait; order your copy today and start discovering your own key takeaways.

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Ontario Centres of Excellence (OCE) extends congratulations to the Honourable Reza Moridi, Ontario’s Minister of Research, Innovation and Science for being named the inaugural recipient of the UBI Global Innovation Ecosystem Impact Award (Toronto – Feb. 23, 2018).

Business incubators and accelerators can be linked to universities in different ways including direct management, affiliation or collaboration. What resources do these relationships with universities bring to the programs they are involved with? How are the top programs using these resources?

UBI Global asked these questions to the top twenty university-linked incubators in the world and received some very interesting information, which is available in-depth in the new Case Studies 2018 – Best Practices at University-Linked Business Incubators and Accelerators Report.

Take for example Chicago’s 1871 which until recently was helmed by Howard Tullman and is ranked first in the world among business incubators that collaborate with universities. Thanks to their multiple university partners, 1871 can draw startup founders from a pool of researchers and students that have a wide range of skills in different disciplines. Moreover, linking students and departments across different universities and disciplines creates a more robust program for 1871. With an impressive track record of highly successful current and former client startups, 1871 is able to attract investors and partners that help get the innovation out of the lab and classroom and into the market.

Guinness Enterprise Centre in Dublin is a conduit in forging a strong relationship between their university affiliates and the community of entrepreneurs across Ireland. By taking their reputation to the world and becoming an international program, GEC not only strengthens their quality but also gives students and faculty who are contemplating an entrepreneurial career access to experiences they wouldn’t have in the classroom alone. Ultimately this leads to a greater influence and reach for client startups, creating a win-win situation.

But multiple university partners aren’t the only route to success; in speaking with UBI Global for their Case Studies 2018 publication, top business incubator Incuba UdeC of Concepción, which is located in Chile, President Beatriz Milán points out that having the university’s prestige and community of academics enhances the more tangible offering of facilities and networks that entrepreneurs need to become successful. The Universidad de Concepción, in turn, meets their primary goal, which is, “to consolidate the positioning of the University as a national leader in entrepreneurship.”

Innovation and academics go hand-in-hand, providing benefits to society and the economy through revolutionary ideas. Fundamentally, universities have a purpose to create an environment that encourages the exploration of new opportunities, taking intellectual risks and fostering the entrepreneurs of tomorrow. By forming a relationship between universities and business incubators and accelerators, the synergy created between the two gives both a better chance of success.

UBI Global, the world leader in performance analysis of business incubation around the world, has compiled the best practices from the top twenty business incubator and business accelerator programs in the world. This detailed look into the top incubator and accelerator business planning and business process analysis is an invaluable tool for both academics and innovative entrepreneurs alike. Discover practical, real-world advice from the top business incubators including how to build a sustainable, diversified revenue stream, gritty details on how to maximize every budget, insider tips on acquiring and retaining top talent and the best startups and so much more. Available for immediate delivery, Case Studies 2018 is waiting to be your roadmap to success.

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