The UBI World Benchmark Study 2017 – 2018
of University-linked Business Incubators & Accelerators
#WBR1718 #incubator #accelerator
Introduction
In the information age, entrepreneurs and the startups they create have become the central drivers of economic growth. Across sectors, young firms consistently achieve larger employment growth than more mature companies. Realizing the tremendous socio-economic potential of vibrant entrepreneurial ecosystems, private entities and governments around the world have started to support the establishment of business incubation programs that catalyze the creation of startups and the development of supportive environments. Not surprisingly, business incubation has evolved into an industry, providing greater results more efficiently than other type of economic development program.
In this context, university-linked incubation programs have come to play a particularly important role in many countries’ innovation strategies.
While the programs and their client startups benefit from the ready availability of talent, research, and infrastructure, the universities gain manifold extracurricular education, research commercialization, and application opportunities.
The UBI World Benchmark Study 2017 - 2018 is the most exclusive and comprehensive benchmark study of university-linked business incubators and accelerators. In this 4th edition of the study the aim is highlight and present the development of the incubation industry, as well as, show its technological trends and impact in the startup ecosystem and in the economy in general.
Definitions
- Primarily focuses on helping early stage client startups become viable and scalable businesses
- Provides an array of support services and infrastructure through a systematic process
- Quality controlled intake of client startups with regular time bound exits
- Program duration generally between 1 year and 3 years
- Can support early and later stage client startups
- Often invests financially in the client startups
- Fixed-term, cohort-based program that catalyzes client startup growth through intensive mentoring, networking, and educational services
- Quality controlled, often highly competitive, intake of client startups with regular time bound exits
- Program duration generally between 1 week and 6 months
Umbrella term that encompasses all variations of business incubators, accelerators, and hybrid programs
Umbrella term that encompasses all incubation programs that are either directly operated by, formally affiliated with, or closely collaborate with one or more institutions of higher education
Benchmark Landscape
Programs Assessed
Programs Qualified
Programs Applied
Programs Benchmarked
Jobs created & sustained
70,000+
Graduates 2012-2016
14,500+
Clients served 2016
10,000+
Sales revenue
$3.2 B+
Investment attracted
$4.7 B+
53
Countries
387
Locations
259
Programs
6
Regions
North America
Latin America
Europe
Asia-Pacific
Africa
Middle East & North Africa
Top 5 countries represented
Brazil
Mexico
Canada
United States
Colombia
Business Model
Program type
Not-for-profit
Business Incubators
For-profit
Business Incubators
Not-for-profit
Business Accelerators
For-profit
Business Accelerators
Sources of funds
Government
Corp. Sponsorship
Service Fee
Other
Events
Space Rental
University
ROI
Donations
Average budget per program
$670,000+
Total budget
$174,000,000+
Total self-generated revenue
$110,000,000+
Budget allocation
Mean
Median
Trends
Top sector represented**
Retail & E-Commerce
Health & Bio
Communication & Transportation
Creative & Cultural
Materials & Manufacturing
Education & Governance
Green & Energy
Other
Finance & Accounting
** Percentage of startups working in these sectors
Top industries represented*
| Business to consumer |
|
56% |
| Business to business |
|
55% |
| Healthcare |
|
54% |
| IT-services |
|
53% |
| Renewable energy |
|
46% |
| Agriculture |
|
44% |
| Medical technology |
|
44% |
| EdTech |
|
42% |
| CleanTech |
|
40% |
| BioTech |
|
40% |
Top technologies utilized*
| Internet of things |
|
71% |
| Big data |
|
56% |
| Digital health |
|
45% |
| Artificial intelligence |
|
44% |
| Gamification |
|
42% |
| Wearables |
|
37% |
| Virtual reality |
|
35% |
| Augmented reality |
|
34% |
| Cybersecurity |
|
30% |
| Machine to machine |
|
27% |
| Nanotechnology |
|
24% |
| Smart-grid |
|
24% |
| Other |
|
14% |
| Blockchain |
|
14% |
| Telematics |
|
12% |
| Genomic technologies |
|
11% |
| Biometric authentication |
|
9% |
| Quantum computing |
|
5% |
*Percentage of programs that have at least one startup in that field
Testimonials
“UBI Global has brought together the world’s university business incubators and given us a collective voice. Together, we can now speak very loudly on behalf of our client entrepreneurs, incubators, and team members.”
SIMON BOND
“This is a brilliant initiative. Becoming part of a larger global network is beneficial for the startup community worldwide.”
DERRICK KOTZE
“UBI Global team, thank you very much for your amazing support with connecting us to our international industry peers and with helping us during our business model best practices research. We very much appreciate the opportunity to participate in your bi-annual ranking. Your KPIs helped us sharpen our vision and trajectory. Thank you!”
ERIK BOER
Participating Programs
World Benchmark Report 2017 - 2018
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The UBI World Benchmark Report of University-linked Business Incubators and Accelerators provides an overview of the most intriguing results of the UBI World Benchmark Study 2017 – 2018. It visualizes the state of the international innovation ecosystem, illustrates key challenges and opportunities faced by the participating programs, and highlights differences in impact and performance between global incubation programs both at the top of the scale and on average
Released in November 2017
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The UBI Global World Rankings of University-linked Business Incubators & Accelerators 17/18
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About UBI
WE MAP, HIGHLIGHT AND CONNECT THE WORLD OF BUSINESS INCUBATION
UBI Global is a Stockholm-based data and advisory firm specializing in mapping and highlighting the world of business incubation. Through a network of more than 500 member organizations globally, we provide matchmaking, ranking, benchmarking, and research services to corporations and business incubation programs. UBI Global measures the impact and performance of business incubation programs with a proprietary evaluation model. As part of its bi-annual world benchmark study, the company releases the world’s top performing university-linked business incubator and accelerator rankings, in which more than 1200 organizations from over 90 countries have participated to date.
Social Focus
Programs with client startups working
on social issues
Social Ventures
*Number of incubation programs with a percentage in range of their client
startups working with social issues
Domain addressed by client startups
with social focus
Issue adressed by Social Client Startups