Search Google Appliance


News

PSU Business Accelerator is one of the top business incubators in the world
Author: UBI Global index June 24, 2014
Posted: July 1, 2014

Read more here.

PRESS RELEASE

UBI Index is a thought leader in performance analysis of business incubators around the world. We help business incubators become more efficient and competitive through a comprehensive benchmark where more than 300 incubators in over 60 countries participate. Based in Stockholm, Sweden and with an international research team, UBI Index has successfully built the most reliable Global Top 25 ranking of University Business Incubators in the world.

UBI Index is a Swedish research initiative, which last year became the first ever to compare business incubators worldwide. For this years extended edition, more than 300 university-affiliated business incubators in 67 countries have been compared, in three performance categories: The value to the “ecosystem”, the value to the client
(start-ups), and the attractiveness of the incubation program. In total, more than 60 key performance indicators have been used to compare the incubation programs worldwide.

The world’s top universities do not nurture the best business incubators. And the Asian incubators create more jobs than the European ones despite significantly less funding. These are some clearly visible trends when UBI Index present its Top University Business Incubators – Global Benchmark 2014.

The list shows that the world’s top universities – as ranked by Times Higher Education Ranking – have a long way to go in producing top incubators. In the UBI Index global top 25, only a few of the world’s top ranked universities are represented. “This proves our hypothesis, that creating a competitive business incubation program requires
a clear focus from the university” said Dhruv Bhatli, Co-founder and director of Research at UBI Index.
Another interesting conclusion to be drawn from the UBI Index study is that Asia – and China, in particular – is on the move. European incubators may have the biggest funding (twice that of Asian incubators), but still only create half as many jobs on average versus their Asian counterparts. Europe is also beaten by North and South America when it comes to jobs created per invested dollar. In the global top 25 list, the majority of the university-affiliated business incubators are still from the U.S., followed by China that comes in second, with three incubators in the list. Canada matches China with three incubators. Remarkably, the United Kingdom – a former leader in
innovation – only has one incubator in the list, while countries like Sweden, Taiwan and Chile have two each.

Dhruv Bhatli is a leading author, researcher and thinker on entrepreneurship performance. He is credited for co-founding the UBI Index, a research company based in Stockholm that benchmarks business incubators
in 67 countries to identify and rank top incubators in the world. Dhruv Bhatli was interviewed about this years index rankings.

Quote: “PSU Business Accelerator is one of the top business incubators in the world. It generates high economic impact on the region through outstanding post incubation performance of its clients ”

Why was the PSU Business Accelerator selected as one of the top incubators in the world?
PSU Business Accelerator is an exceptional incubation program. It performs really well on our global benchmark, especially on post incubation performance indicators. This signifies that PSU Business Accelerator generates positive economic impact for the region. Furthermore PSU Business Accelerator’s clients have higher survival and growth rate than the global average and perform well on access to network indicators. How does PSU Business Accelerator stack
up against incubators from top universities listed in the UBI Index?
The UBI index global benchmark of business incubators includes most of the top Universities in the world, notably Columbia, Oxford, University of Pennsylvania and Imperial college. In this context PSU Business Accelerator performs much better than their peers at top universities.