global Benchmark 15/16 report Top UniversitY Business Incubators EXECUTIVE SUMMARY UBI GLOBAL

Transcription

1 global Benchmark 15/16 report Top UniversitY Business Incubators EXECUTIVE SUMMARY UBI GLOBAL

2 2 TABLE OF CONTENTS 1 EXECUTIVE SUMMARY TABLE OF CONTENTS DEFINITIONS AND METHODOLOGY DEFINITIONS DIFFERENCE BETWEEN RANKING AND BENCHMARKING RANKING METHODOLOGY BENCHMARKING CLASSIFICATIONS SAMPLE AND LANDSCAPE REGIONS SECTORS PHASES BENCHMARK GLOBAL SCORE APPLICATIONS VC OR ANGEL FUNDING SURVIVING AND GROWING BUDGET ALLOCATION TOP SERVICES PROVIDED INSIGHTS & BEST PRACTICES YOUR METRICS WHAT WILL YOU USE THE SCORECARD FOR?...13 CASE: SETSQUARED Table of Contents

3 7 PARTICIPANT DIRECTORY ACKNOWLEDGEMENTS Table of Contents

4 3 DEFINITIONS & METHODOLOGY 01 DEFINITIONS THREE TYPES OF BUSINESS INCUBATORS BUSINESS INCUBATOR MANAGED BY OR AFFILIATED TO UNIVERSITY (-IES) Primary objective: To facilitate entrepreneurship and support early stage (new) ventures through a systematic (mid-long term) and extensive incubation process that includes services and infrastructure Quality-controlled intake of clients (startups) and regular time-bound exits in form of graduate startup clients BUSINESS INNOVATION CENTER Dedicates its efforts and resources to help entrepreneurs with innovative ideas and turn those ideas into viable, successful and sustainable businesses Core mission is to accelerate innovative entrepreneurship at the local level, through the customized delivery of a comprehensive range of professional support and incubation services (pre-incubation, incubation, postincubation) targeted at innovative startups, spin-offs, entrepreneurs and SMEs BUSINESS ACCELERATOR A fixed cohort-based program that focuses on catalyzing growth of ventures through an array of intensive mentorship and educational services to prepare client startups for market access 02 Quality controlled intake of clients (startups) and regular time bound exits in form of graduates DIFFERENCE BETWEEN RANKING AND BENCHMARKING RANKING AND BENCHMARKING ARE NOT THE SAME RANKING Developing a framework and methodology that measures the performance of university business incubators allows both for ranking and benchmarking. At UBI Global we have different types of ranking cateogories depending on the relationship with the university. An incubator is ranked depending of belonging to these category groups, but benchmarked against all. The difference between ranking and benchmarking is that ranking implies the ordering of the incubators according to their performance, while benchmarking means the comparison of one particular incubator taken out of the sample against a point of reference which in this case are top performing incubators. In other words, if we were BENCHMARKING to think of this difference in terms of numbers - ranking process would attribute an absolute number to each of them (the position in the series). Whereas benchmarking would be the ratio of incubator performance and that of the reference line (top global average, top regional average etc.) At UBI Global we follow a two pronged approach to rank and benchmark university business incubators. First, a thorough ranking process identifies the top performing incubators (which become the reference line), second a benchmark process that stacks incubators against the reference line to identify the strengths, weaknesses and best practices associated with improving the performance of benchmarked incubators. 6 - Definitions & Methodology

5 4 SAMPLE AND LANDSCAPE INCUBATORS ASSESSED 01 REGIONS 64 COUNTRIES IN 6 GEOGRAPHIC REGIONS INCUBATORS APPLIED INCUBATORS BENCHMARKED 02 SECTORS DOMINANT SECTOR AT THE INCUBATORS AFRICA 6% 39% 8% 9% ICT CLEANTECH ASIA PACIFIC EUROPE 35% 13% SOCIAL 7% LIFE SCIENCES LATIN AMERICA 30% 13% 7% 3% OTHER BIOTECH MIDDLE EAST & NORTH AFRICA NORTH AMERICA 17% 9% NON-SPECIALIZED 03 PHASES STAGE OF CURRENTLY ENROLLED STARTUP CLIENTS WHEN ACCEPTED 28% 30% 21% 14% IDEA PHASE EARLY PHASE GROWTH PHASE ACCELERATION PHASE 10 - Sample and Landscape

6 5 BENCHMARK 01 GLOBAL SCORE AVERAGE SCORE OF PARTICIPATING INCUBATORS 02 APPLICATIONS DEALFLOW AT PARTICIPATING INCUBATORS 2.1 x GLOBAL TOP AVG: 72 GLOBAL TOP AVG SEED FUNDING PERCENTAGE OF STARTUP CLIENTS THAT HAVE RECIEVED IN THE LAST 5 YEARS GLOBAL AVG 81% ANALYSIS - Top incubators provide significantly better GLOBAL TOP AVG 48% 69% financial support, giving access to seed funding for 81% of their client startups. The same drops 48% for average incubators client startups, which translates to significantly lower economical assistance provided by average incubators to their client startups when compared to a top performing incubator GLOBAL AVG 04 SURVIVING (GROWING AND PROFITABLE) STARTUP CLIENTS THAT MAINTAIN OPERATIONS AND ARE EXPANDING AFTER GRADUATION 58% GLOBAL TOP AVG GLOBAL AVG 49% 19% ANALYSIS - The survival rate of the graduates of top incubators clients startups stands at 58%, mostly generated by their higher capacity to provide resources, competence development and financial support. The ratio reveals that the clients at top incubators have 19% higher survival (growth and profitability) rate than the clients at an average incubator * GLOBAL TOP AVG - THE 10% BEST PERFORMING INCUBATORS 11 - Sample and Landscape

7 Location: Urban Founded: 1999 University Affiliation: Beta University Website: Unique ID: Region: Europe Sector: Life Sciences Majority sector: Life Sciences (41%) Average applications received per year Funding available yearly for clients ($) Number of events organized, or coorganized per year Yearly operational budget Average accepted applications per year Size of investor network Number of partners Alpha Inc. Uppsala, Sweden Number of employees Duration of incubation program Incubator has a seed fund Number of sponsors m=million, mo=months VALUE FOR ECOSYSTEM Economy enhancement Talent retention R1 Competence development R2 Incubator offer R3 Post incubation performance VALUE FOR CLIENTS Competence development Access to funds Access to network Competence development UBI Global All Rights Reserved to UBI Index AB SE For more information contact Average applications info@ubi-global.com Average accepted or visit Duration of received per year applications per year incubation program R1 R2 R3 Regional Top Avg Location: Urban Founded: 1999 University Affiliation: Beta University Website: Unique ID: Region: Europe Sector: Life Sciences Majority sector: Life Sciences (41%) Funding available yearly for clients ($) Number of events organized, or coorganized per year Yearly operational budget Size of investor network Number of partners Alpha Inc. Uppsala, Sweden Number of employees Incubator has a seed fund Number of sponsors m=million, mo=months ATTRACTIVENESS Post incubation performance Incubator offer Incubator offer Global Top Avg UBI INDEX FRAMEWORK VALUE FOR ECOSYSTEM Economy enhancement Post incubation performance Talent retention Sector Top Avg ENTREPRENEURIAL EXPERTISE (SERIAL ENTREPRENEUR) Global Top Avg Global Avg % STATUS: GROWING AND PROFITABLE $ SIZE INVESTMENT (IN MILLION USD) Global Top Avg Global Avg R1 Competence development R2 Incubator offer R3 Post incubation performance Access to funds Post incubation performance YOUR GLOBAL BENCHMARK SCORE 2014 Global Top Average: 78 UBI Global All Rights Reserved to UBI Index AB SE For more information contact info@ubi-global.com or visit R1 R2 R3 Regional Top Avg VALUE FOR CLIENTS Competence development Access to network Competence development ATTRACTIVENESS Global Top Avg Global Avg Incubator offer Global Top Avg UBI INDEX FRAMEWORK Incubator offer Post incubation performance UBI GLOBAL Sector Top Avg ENTREPRENEURIAL EXPERTISE (SERIAL ENTREPRENEUR) Global Top Avg Global Avg % STATUS: GROWING AND PROFITABLE $ SIZE INVESTMENT (IN MILLION USD) Global Top Avg Global Avg YOUR GLOBAL BENCHMARK SCORE 2014 Global Top Average: 78 Global Top Avg Global Avg UBI GLOBAL 6 INSIGHTS & BEST PRACTICES 01 YOUR BENCHMARK METRICS HOW DID YOU PERFORM? All participating incubators have the exlusive opportunity to get their benchmark visualized in beautifully designed and intuitive scorecard packages. The package includes infographics, powerpoints and publications - with information on the incubator s performance on the UBI Global framework. Comparisons are made against the global average, global top average, regional average, sector average and country average. Would you like to know how you have performed? Contact us today at info@ubi-global.com for more information. incubator benchmark SCORECARD 15/16 ALPHA INCUBATOR INCUBATOR PROFILE 01 ORGANIZATIONAL BACKGROUND m 10 >2m 25% mo No GLOBAL PERFORMANCE 02 COMPARED TO TOP INCUBATORS IN THE WORLD ALPHA INCUBATOR INCUBATOR PROFILE GLOBAL PERFORMANCE REGIONAL 01 ORGANIZATIONAL BACKGROUND PERFORMANCE SECTOR PERFORMANCE 02 COMPARED TO TOP INCUBATORS IN THE WORLD 03 COMPARED TO TOP INCUBATORS IN YOUR REGION 04 COMPARED TO TOP INCUBATORS IN YOUR SECTOR BENCHMARKS 05 ON KEY PERFORMANCE INDICATORS incubator benchmark SCORECARD 15/ m 10 >2m 25% mo No 06 REGIONAL PERFORMANCE 03 COMPARED TO TOP INCUBATORS IN YOUR REGION GLOBAL PERFORMANCE SCORE SECTOR PERFORMANCE 04 COMPARED TO TOP INCUBATORS IN YOUR SECTOR BENCHMARKS 05 ON KEY PERFORMANCE INDICATORS 06 GLOBAL PERFORMANCE SCORE STANDARD PACKAGE CLICK HERE TO KNOW MORE SILVER PACKAGE CLICK HERE TO KNOW MORE GOLD PACKAGE CLICK HERE TO KNOW MORE 02 HOW TO USE THE BENCHMARK PACKAGES? THIS IS WHAT INCUBATOR MANAGERS SAY To see how well we are performing and what we can do to improve To create the SWOT analysis To strengthen my financial arguments To be inspired! To share with my Board of Directors To expand our network to other continents To use as a tool for data collection and monitoring To attract talents To improve the strategy of the incubator, identifying weaknesses and strengths 13 - Insights & Best Practices

8 TOP UNIVERSITY BUSINESS INCUBATOR TOP UNIVERSITY ASSOCIATED BUSINESS INCUBATOR TOP UNIVERSITY BUSINESS ACCELERATOR WHY PARTICIPATE IN THE UBI GLOBAL BENCHMARK 03 DOES YOUR PROGRAM HAVE WHAT IT TAKES TO BE #1? APPLY TODAY AT UBI-GLOBAL.COM/APPLY Select business incubators and accelerators will get the opportunity to participate in the UBI Global rankings of top business incubation programs. UBI GLOBAL Apply today at ubi-global.com/apply 2015 WORLD TOP Learn about best practices of the world s leading University Business Incubation Programs + + Find out how new companies are being created by the next generation of entrepreneurs UBI GLOBAL 2015 WORLD TOP Be recognized as one of the world s top incubation programs UBI GLOBAL APPLY NOW FREE PARTICIPATION 2015 WORLD TOP 10 TOP RANKED INCUBATION PROGRAMS HIGHLIGHTED IN 14 - Insights & Best Practices

9 PARTICIPATING UNIVERSITES* 04 DOES YOUR PROGRAM HAVE WHAT IT TAKES TO BE #1? APPLY TODAY AT UBI-GLOBAL.COM/APPLY NORTHWESTERN UNIVERSITY CASE WESTERN RESERVE UNIVERSITY UNIVERSITY OF BRISTOL THE UNIVERSITY OF CHICAGO KUE LEVEN UCLA USC GEORGIA TECH UNIVERSITEIT GENT HUAZHONG UNIVERSITY OF SCIENCE AND TECHNOLOGY CALIFORNIA INSTUTE OF TECHONOLOGY RICE ALLIANCE INSTITUTO DE INNOVACIÓN Y TRANSFERENCIA DE TECNOLOGÍA DE NUEVO LEÓN PONTIFICAL CATHOLIC UNIVERSITY OF CHILE UNIVERSITY OF MAIDUGURI PONTIFICAL CATHOLIC UNIVERSITY OF RIO DE JANEIRO NATIONAL CHIAO TUNG UNIVERSITY SOUTH CHINA UNIVERSITY OF TECHNOLOGY AUSTRALIAN UNIVERSITY NATIONAL OF NAIROBI UNIVERSITY UNIVERSITY STELLENBOSCH OF SYDNEY UNIVERSITY UNIVERSITY OF MELBOURNE *Only a subset UBI-GLOBAL.COM/APPLY UNIVERSITY PARTICIPATION FROM ALL OVER THE WORLD 15 - Insights & Best Practices

10 SETSQUARED INCUBATOR BRIEF LOCATION: Bath, Bristol, Exeter, Southampton, Surrey, UK FOUNDED: 2002 UNIVERSITY AFFILIATION: University of Bath, University of Bristol, University of Exeter, University of Southampton, University of Surrey PROJECTS DIRECTOR: Karen Brooks MISSION: Leading business support for tech companies across Europe WEBSITE: PROFILE University Managed Business Incubator Non Profit >2m Operational budget 22 Full time employees Volunteers Yes 30 mo Program duration Average applications received per year Average applications accepted per year YOUR CASE STUDY? mo= months, k=thousand, m=million This is an example of a best practice case study conducted by UBI Global. It contains an overview with incubator brief, performance on the latest benchmark, incubator profile, an interview with the managers about their processes, startup client success stories and the key takeaways on the case. Would you like to read more top cases or perform a study on your incubator for distribution? Contact us today at info@ubi-global.com for more information Insights & Best Practices

11 Simon Bond Karen Brooks An exclusive interview with Simon Bond, Director at SETsquared Centre, Bath and Karen Brooks, Projects Director at SETsquared partnership What is SETsquared s business model? What tips would you give to other incubators so they can have a sustainable business model? The business model of SETsquared incubator is a membership model, one in which high growth potential startup companies that meet our criteria, pay a membership fee, in return for business acceleration services and premises. A business acceleration support package of services is made up of mentoring, regular business review panels where the business plan and strategy of the member company is reviewed by external serial entrepreneurs. Our charter is to benefit and accelerate our companies. So, it is a deliberate decision we have chosen to not go the equity route. We feel that it might prejudice our neutrality so we have stuck with the membership fee model. As for a revenue model, incubators that think they ll be able to make money out of incubation are a bit naive. Certainly, it s possible to be self sufficient but no incubator is going to become rich. One tip could be to add additional service around your existing model, for instance... READ MORE ABOUT 1. How does SETsquared spend their operational budget? 2. What tips would SETsquared give to other incubators looking to optimize their budgets? 3. How can incubators run and manage a successful incubation program? Does SETsquared have any best practices to share? 4. How can incubators attract deal flow and talent? 5. What are some of the best practices at SETsquared? 6. What advice would SETsquared give to incubators to screen and select good client startups? 7. How does SETsquared monitor their incubators performance? SUCCESS STORIES KEY TAKEAWAYS Would you like to read the full story? Contact us today at info@ubi-global.com for more information 17 - Insights & Best Practices

12 AFRICA 7 PARTICIPANT DIRECTORY The participant directory is available in the full version of the UPCOMING PUBLICATION BENCHMARK ANALYSIS & BEST PRACTICES FULL REPORT - ORDER NOW» LEARN MORE TOP UNIVERSITY BUSINESS INCUBATORS GLOBAL BENCHMARK 15/16 - FULL REPORT The Global Benchmark 15/16 report closely examines more than 300 business incubators in 64 countries. You ll see what qualities makes a top incubator and how they perform in comparison to average incubators. You ll also discover how your incubator compares on a wide range of data points, so you can spotlight weaknesses and improve performance. This global benchmark report measures university incubators on the UBI Global benchmark framework with more than 50 performance indicators. It also features the story behind the success of top incubators and how they operate. You ll find key figures about the performance of each featured incubator and the secret recipe to their success Participant Directory