The University Associated Business Incubation Landscape
This week we are pleased to present insights on University Associated Business Incubation landscape.
Overview
Our University Associated Business Incubation landscape is made up of 69 incubators, each with an average yearly operations budget of $548K, which equates to nearly $37.8M annually for the whole sample.
With regards to sector focus, over one-third (43%) of University Associated Business Incubators are concentrated on ICT, whilst Social/Environment incubation programs are the second biggest focus. The third biggest sector in the University Associated Business Incubation landscape is Non-specialise (12%). A further 9% are focused on Other. Incubators focused on Biotech and Cleantech have a small but equal share of sector focus with 6% each.
The majority (47 incubators) were founded between 2005 – 2014, including 28 between 2005 – 2009 and 19 between 2010 – 2014. Only 3 incubators were launched before 1994, 6 were founded between 1995- 1999 and 13 more were established between 2000 – 2004.
Key Performance Indicators
University Associated Business Incubators attracted a total of $636M, meaning each of the 69 incubators has received an average of $9.2M. With regard to deal flow University Associated Business Incubators as a whole receive 6 600 applications per year, equating to an average of 95 applications per incubator.
In the last 5 years, University Associated Business Incubators have created 24 200 jobs and over the same time period generated $2.2B in sales, equating to an average of $31.6M in sales per incubator.
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