SETsquared ranked as top university business incubator in the world by UBI Global
Fri 27th November 2015
SETsquared, the enterprise partnership of the universities of Bath, Bristol, Exeter, Southampton and Surrey, was recognised as the best performing university business incubator on the globe at its investor showcase event held in London this week.
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 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.
Simon Bond, innovation director at SETsquared, said: “It’s incredible 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 fulfil our commitment to helping entrepreneurs and start-ups and this top ranking is a real testament to the skill 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 for innovation.”
SETsquared Southampton is based at the University of Southampton Science Park, where many businesses gain support from the expert team. SETsquared Southampton Programme Director David Bream commented: “It’s been my pleasure to have witnessed some very high-quality companies come out of the Southampton programme over the past years, many of which have gone on to be significant businesses in the Solent region and in some cases globally. For SETsquared Southampton, having our base at the University of Southampton Science Park has given our members the benefit of an innovative, entrepreneurial and vibrant community of like minded people. Peter Birkett, CEO of the Science Park has always invested in nurturing start-ups in the local area, and he’s been an invaluable support to us. We look forward to continuing to support the growth and success of our members.”
SETsquared has developed a number of innovative programmes including business methodologies and business review panels, investor readiness training and open innovation training. SETsquared also works with Academic Health Science Networks to help bring forward innovation and entrepreneurship in the NHS.
Over the last year SETsquared has opened in Basingstoke to help entrepreneurs develop new businesses around next generation 5G mobile technology, and run innovation programmes for the NHS and UK Space Agency.
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 this week.
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.”