Stellenbosch University LaunchLab named Top Challenger from Africa at UBI Global Summit in Toronto, Canada
TORONTO, CANADA, February 22, 2018 – UBI Global, the Stockholm-based research and advisory firm known for its regional and global studies that map and evaluate the world of business incubation, released its bi-yearly rankings at the World Incubation Summit 2018 in Toronto, Canada on February 22. This year’s event is co-hosted by the DMZ at Ryerson University, one of Canada’s leading incubation programs.
More than 200 university-linked incubators and accelerators were represented at an event in Toronto where the rankings were revealed and awards presented. All of the top 20 were from Europe and North America. And outside of the top 20, top challengers were named from various regions. LaunchLab was named the Top Challenger from Africa, noting that they are most likely to crack the top 20 from Africa, and break the hold that Europe and North America have on the rankings.
Philip Marais, CEO Launchlab – “We’re privileged to be part of UBI, and to receive this recognition. We mostly try to add the most value to our resident startups and try to facilitate as many valuable connections for them as possible. Our startups’ success is our success, so this speaks volumes about what the businesses we support have been able to accomplish. We would also not have been able to do this without the support of corporate partners like Nedbank. Also, we’re excited that this puts Stellenbosch and the broader Cape Town area even more firmly on the map as THE place for startups and innovation in Africa.”
The full rankings can be found here
The UBI benchmarking process takes an in depth look at the value the incubator creates for the surrounding ecosystem, value created for the startups, and the incubator’s ability to attract quality startups and other third party support to their network.
According to UBI Global, a top university-linked incubation program is a business incubator or accelerator connected to an institution of higher education that achieves outstanding impact and performance relative to its global peers. The program outperforms its global peers with regard to the value it provides to its innovation ecosystem and its client startups, as well as the attractiveness of the program itself.
“Following a rigorous data-driven approach, we assessed and benchmarked incubation programs across the world,” says Holger Meyer, Director of Research at UBI Global. ”Our bi-yearly world benchmark study visualizes the state of the international incubation ecosystem and illustrates key challenges and opportunities faced by the participating programs.”