The data experts at UBI Global are deep into the analysis of all the data from the World Benchmark Study 2019 -2020 surveys, and are already excited to share a WBS1920 First Look with you. Who will be among the top programs in the world? The results won’t be available until The Night, a gala dinner event during the World Incubation Summit, but we can’t resist offering a sneak peek of the preliminary results to whet your appetite for more!
WBS1920 First Look – WhoParticipated?
The World Benchmark Study included 365 programs located in 282 innovation hot-spots around the world. In the end, a total of 78 countries were represented.
More than half of the programs that participated in the World Benchmark Study 2019-2020 were classified as business incubators. Hybrid programs were the second-highest classified participants – a hybrid program combines virtual services with on-premise activities. This is a sign of the technology embraced by the global innovation community as well as a nod to the born-global approach that many startups have in their very foundations. Our expert opinion is that more hybrid and fully virtual programs will spring up around the world.
Split down the middle were university-affiliated programs and private, public, and corporate programs. Overwhelmingly, not-for-profit programs outnumbered for-profit programs, with average budgets hovering around the $4.5 million range.
Do you know your unicorns from your rocketships? Brush up on your innovation terms by downloading The Innovation Landscape from A to Z Glossary!
WBS1920 First Look – What are the Sectors in Focus?
Health and Fitness was the top sector of focus, according to participating programs. Communication & Transportation and Green & Energy were also sectors with explosive growth. The Top 5 Technologies that WBS19-20 participating programs were seeing disruption in include Health Tech, IT Services, B2C, Ed Tech, and B2B.
AI has surpassed Big Data and Machine Learning has out-paced Gamification – for a deeper dive into technology in the global innovation ecosystem, download Innovation Defining Our World, a fascinating infographic!
WBS1920 First Look – What is the Impact on the Global Innovation Ecosystem?
The programs surveyed represented more than 153,000 successful startups, which is an average of 420 per program.
As the UBI Global data expert team constructs individual scorecards and the world rankings of the top programs, you can expect announcements via our media channels including UBI Connect. The awards recognizing the top-ranked programs in the world will take place at the World Incubation Summit 2019 this November in Doha, Qatar. To register your interest in attending this event, see the website here.
Our sincere appreciation and admiration go out to the programs that took the time to complete and verify the World Benchmark Study 2019 – 2020. Benchmarking is a sign that programs want to succeed by ensuring that they are performing at the top level possible by measuring themselves against their peers. Membership is just a few clicks away to participate in our interactive learning community and the next World Benchmark Study!
Download the WBS1920 First Look Infographic!
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