The SETsquared Partnership has been ranked the global number one university business incubator for the third consecutive time by leading research and advisory firm, UBI Global.
The title, which was awarded at last night’s World Incubation Summit in Qatar, continues SETsquared’s ongoing success, having maintained its world-leading position since 2015. This year, the Partnership was commended for demonstrating exceptional value for tech start-ups and the local ecosystem.
With bespoke entrepreneur training programmes and unrivalled access to a network of mentors, alumni, investors, corporate partners and the knowledge base of five research intensive universities, SETsquared has supported over 4,000 UK high-tech start-ups since its inception, helping them raise more than £1.8bn of investment and creating £8.6 billion of economic impact to date – a figure which is set to rise to nearly £27 billion by 2030.
In the last year alone, 878 students, academics and entrepreneurs have participated in SETsquared programmes, with supported companies raising £292 million in investment between them.
The Partnership’s ranking follows the world’s most extensive benchmark study which analyses more than 1,500 incubators and accelerator programmes in 78 countries worldwide. SETsquared scored highly against all 21 key performance indicators (KPIs).
Simon Bond, innovation director at SETsquared, said:
“We’re thrilled to be acknowledged as the world’s top university business incubator once again and to be recognised amongst the world’s leading university business incubators and accelerator programmes.
“This ranking is testament to the dedication of everyone in the SETsquared team and their commitment to the entrepreneurial talent and research and innovation capabilities of the UK. We hope this ranking demonstrates to entrepreneurs, start-ups, and scale-up businesses that SETsquared has the experience and track-record to help them succeed and grow.”
Ali Amin, CEO and co-founder at UBI Global, said:
“Following a rigorous data-driven approach, we assessed and benchmarked incubation programmes across the world. Our World Benchmark Study 2019-2020 is in tune with the multiple facets of the international incubation ecosystem and illustrates key challenges and opportunities faced by the participating programmes.
“The top lists of programmes were each recognised for outstanding performance in nurturing entrepreneurship and innovation, but SETsquared really stood out amongst its peers.
“We’d like to extend our congratulations to the whole team for these exceptional results, which really highlight the Partnership’s fantastic contribution to business, innovation and the UK economy.”
SETsquared is a long-standing partnership between the universities of Bath, Bristol, Exeter, Southampton and Surrey which specialises in growing high-tech start-ups and scale-ups through its support programmes and other business acceleration services. SETsquared provides entrepreneurial training, mentoring, access to investors and corporate innovators and a wide range of industry experts through its network and training programmes.
Independent research carried out by Warwick Economics estimates the economic impact of SETsquared member companies to be £8.6bn to date, and rising to £26.9 billion by 2030, with the creation of 22,000 jobs.