It was announced today (25 November) that SETsquared has been ranked by UBI Global as the top university business incubator in the world.
SETsquared, the enterprise partnership of the universities of Bath, Bristol, Exeter, Southampton and Surrey, is to be recognised as the best performing university business incubator on the globe at its investor showcase event at 8 Northumberland Avenue in London.
From start up only 13 years ago, SETsquared has supported over 1,000 hi-tech start-ups to develop and raise more than £1bn of investment, as well as contributing over £3.8bn in GVA (Gross Value Added) to the UK economy with further £15bn contribution estimated over the next 10 years. The partnership currently supports 265 companies across its centres and has created over 9,000 new jobs, with an estimated 14,200 to be created by 2025.
SETsquared, which has risen from the number two spot on the global list, will be ranked alongside some of the world’s best university business incubators.
Simon Bond, innovation director at SETsquared, said: “It’s an incredible achievement to be recognised as the top university incubator in the world, and we’re all delighted by the news. Team SETsquared has worked extremely hard to fulfill our commitment to helping entrepreneurs and start-ups and this top ranking is a real testament to the skill and innovation of our staff and the success of the high-tech, high growth potential ventures we work with.
“The UK was recently ranked as the second most innovative country in the world by the Global Innovation Index for its performance in infrastructure, market sophistication, knowledge, technology and creative outputs, and SETsquared is very proud to have played our part in putting the UK on the map as one of the top performing countries in the world for innovation.”
SETsquared’s work for its companies include projects like its Entrepreneurship Training Programme, which helps entrepreneurs turn their business ideas into investor propositions; Researcher to Innovator, a three-day residential course to help early stage researchers acquire the skills to turn projects into commercial realities; and the ICURe Innovation to Commercialisation Programme, which is funded by InnovateUK and HEFCE to help market validate commercialisation opportunities from research.
The UBI Index is the first global index to benchmark the performance and best practice of university business incubators. The organisation already held continental rankings around the world, culminating in the global ranking event in London today.
Dhruv Bhatli, Co-founder and Director of Research at UBI Global, said: “We’re delighted to see SETsquared be named as the best in the world. The partnership’s continued dedication to entrepreneurs and start-ups has resulted in high economic impact and growth for the companies it supports.”