SETsquared named best university business incubator in Europe
SETsquared has been ranked as the top university business incubator in Europe and second best in the world.
The ranking, published by the University Business Incubator (UBI) Index, places SETsquared as one of the world’s leading three incubators, ahead of SCUT Science Park at South China University of Technology and just behind number one, The Rice Alliance for Technology and Entrepreneurship at Rice University Houston.
“SETsquared did really well on our Global Benchmark and beat numerous business incubators based at top universities,” said Dhruv Bhatli, Co-founder and Director of Research at UBI Index said. “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.”
SETsquared hosts centres in Bristol at the EngineShed and at the Bath Innovation Centre, as well as at the Universities of Exeter, Surrey and Southampton, giving it a strong presence across the SouthWest. Since its inception it has worked with more than 1,000 high-tech start-ups that have raised over £1bn in investment.
SETsquared success stories include companies that have developed swine flu detection kits, microchips that speed up connection to the internet, and security systems that protect against terrorism without impeding world trade.
“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,” said Simon Bond, SETsquared Innovation Director who is based in Bath.
“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,” he said.
UBI Index is the first global index to benchmark performance and best practices of University Business Incubators. Around 800 incubators in 60 countries were involved in the 2014 survey.
ENDS
Notes to editors
Simon Bond from SETsquared is available for interviews. To arrange please contact Laura Downton on the details below.
About the UBI Index
UBI Index is the first global index to benchmark performance and best practices of University Business Incubators.
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