University of Toronto has been recognized as a World Top 5 University Business Incubator by UBI Global in its latest world benchmark study, announced live from Ghent, Belgium on January 24.
For the sixth edition of the World Benchmark Study (2021-22), 1895 organizations were assessed across 90 countries. World Top organizations are benchmarked across 21 KPIs against their global peers and global peers regarding the value they provide to their innovation ecosystem and client startups.
U of T scored high on many of the KPIs important to creating economic and social impact, including jobs created, funding raised, coaching and mentoring, alumni engagement, survival rate and exits.
This ranking is the result of an incredible amount of work by student, alumni and faculty startup founders and the dedicated staff, mentors and volunteers that support them across U of T’s 10+ campus accelerators.
As a nation, Canada is a global leader when it comes to supporting innovation and entrepreneurship. Fellow Canadian incubators and accelerators the Dobson Centre for Entrepreneurship at McGill, Centech, Accelerator Centre, York Entrepreneurship Development Institute and Genesis also ranked as top global incubators in their categories.
Many of the successful companies cited for the survey are in bleeding-edge technologies or industries where U of T research excellence is leading to commercialization and venture creation in fields including quantum computing, biotech, clean tech, advanced manufacturing, AI and machine learning.
The breadth and depth of U of T’s world-leading innovation ecosystem will be on full display during Entrepreneurship Week, March 6-9, 2023.
About University of Toronto Entrepreneurship
The University of Toronto is creating the game-changing companies and jobs of the future through its vibrant entrepreneurship community, which brings world-class research excellence and exceptional talent together in the heart of one of the world’s most diverse and innovative cities. The University’s entrepreneurship network offers custom support to entrepreneurs at any stage in any sector, connecting them with the people and expertise they need to start, grow and scale their ventures. U of T ranks among the top five university-managed business incubators in the world, and U of T entrepreneurs have created more than 600 venture-backed companies and secured more than $2.5 billion (CAD) in investment over the past decade.
About UBI Global
UBI Global is a Swedish-based innovation intelligence company and community specializing in mapping, highlighting, and connecting the world of business incubation. Through a community of more than 1,000 member organizations from over 90 countries worldwide, UBI Global provides matchmaking, ranking, benchmarking, and research services to corporations and business incubation organizations.
About the UBI Global World Benchmark Study 2021-2022
The World Benchmark Study 2021-2022 provides data and practical tools that business incubators and accelerators use to measure the impact of their work and catalyze an entrepreneurial ecosystem that can multiply impact. The resulting scores of the Study are delivered privately to each participant via the new Global Innovation Studios portal Benchmark Tool add-on feature.