Bristol and Bath-based tech incubator SETSquared has been voted top university business incubator in Europe and 2nd best in the world by the University Business Incubator (UBI) Index. The index is the first to benchmark the practices and performances of university business incubators, and included 800 incubators in 60 countries.
It beat SCUT Science Park at South China University of Technology but was pipped to the number one spot by The Rice Alliance for Technology and Entrepreneurship at Rice University Houston.
Dhruv Bhatli, Co-founder and Director of Research at UBI Index said: “SETsquared did really well on our Global Benchmark and beat numerous business incubators based at top universities. They are one of the best incubation places in the world and certainly the best in Europe, as evidenced from their performance on our global benchmark.
“It is an outstanding business incubator that provides exceptional quality to its client companies and produces growth companies and high economic impact.”
Since its creation, SETsquared has worked with more than 1,000 high-tech start-ups that have raised over £1bn in investment.
“It’s an honour and validates our focus and commitment to entrepreneurs and the businesses that they create”
SETsquared Innovation Director Simon Bond said: “I’m delighted by the recognition in this year’s UBI Index – it’s an honour and validates our focus and commitment to entrepreneurs and the businesses that they create.
“The high ranking also comes with responsibility – the UBI Index highlights that Europe’s university business incubators have to work more effectively in order to compete on the world stage. SETsquared must now reach out to like-minded organisations to form partnerships and collaborations that add value for our entrepreneurs and client businesses.”