The University of Toronto has been recognized as one particular of the major five university organization incubators in the environment by UBI World in its hottest globe benchmark review.
In its 2021-2022 examine, UBI International – a Swedish-dependent innovation intelligence organization with additional than 1,000 member corporations – assessed 1895 companies from 90 nations around the world.
The prime corporations had been benchmarked across 21 essential efficiency indicators in opposition to their world wide friends dependent on the price they supply to their innovation ecosystems and consumer startups.
“The UBI ranking is a reinforcement of all the excellent function that so many U of T college students, faculty and alumni business owners have been carrying out,” says Jon French, director of College of Toronto Entrepreneurship, the umbrella group for the incubators, accelerators and entrepreneurship systems throughout U of T’s three campuses. “It’s a recognition of how we fare in opposition to the finest in the planet.”
The ranking is especially notable, French provides, considering the fact that UBI is a single of the only organizations inspecting both economic and social impression in its world-wide assessment of the publish-secondary entrepreneurship area.
“The approach that UBI can take is rather holistic – they measure challenging metrics, such as funding raised and jobs produced, but they also choose a appear at criteria these types of as where the mentor network is coming from and how engaged the university’s alumni are,” French suggests, noting that U of T scored higher on all these types of indicators in the UBI report and requires pleasure in supporting innovators at all phases of their journey – everyone from strategy-stage scholar entrepreneurs to college customers and PhD scientists trying to find to commercialize their function.
Over the past decade, U of T business owners have designed