Five Canadian business incubators and accelerators are in the world's top 10
Canada is the only country in the world with three business incubator programs in the top 10 of the UBI Global list.
Three Canadian business incubators are among the world's top 10 business incubators in universities, as compiled annually by the Swedish research group UBI Global.
UBI Global specializes in the evaluation and selection of business incubators and business accelerators worldwide. More than 1,200 incubators and accelerators from 90 countries are members of UBI Global. In compiling its rankings, the organization analyzes more than 1,800 programs and is based on key performance indicators, such as economy enhancement, competence development, program attractiveness, and post-graduate performance.
This year, three Canadian organizations made it to the top 10 of UBI Global's university business incubators — McGill's Dobson Centre for Entrepreneurship, the University of Toronto Entrepreneurship Hatchery and Centech of Montreal.
Canada has also made great strides in the business accelerators space. There are two Canadian organizations — the Waterloo Accelerator Centre and the York Entrepreneurship Development Institute — in the world's top five business accelerators.
Canadian organizations are not new to the UBI Global rankings. For example, the Waterloo Accelerator Center was already in last year's top, and Ryerson University's Digital Media Zone (DMZ) was named the best business incubator in the world in 2018.
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