Stellenbosch University’s LaunchLab has been recognised as the top University Incubator in Africa by UBI Global, which regularly maps business incubation.
UBI Global released its World Benchmark Study 2019-2020 last week during the World Incubation Summit 2019 in Doha, Qatar on November 6. This year’s event was hosted by Qatar Development Bank.
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The benchmark study samples 364 incubators and accelerators (up from 259 the year before) from 78 countries.
UBI Global uses 21 dimensions to rank incubators and accelerators. The dimensions include such things as jobs created, sales revenue generated, number of graduates, funding, survival rate of participants attracted by participants.
LaunchLab’s Brandon Paschal said the incubator is honoured to have been ranked top university incubator in Africa by UBI Global
LaunchLab interim CEO Brandon Paschal said in a statement last Thursday (7 November) that the incubator is honoured to receive the recognition from UBI Global.
“There is incredible innovation constantly coming out of Stellenbosch University that we get to work with. Add to that the incredible entrepreneurs that we get to work with, it’s a perfect recipe for an impactful incubator,” said Pascal.
UBI Global ranked as the top ranked university incubator The SETsquared Partnership, which is a partnership between the Universities of Bath, Bristol, Exeter, Southampton and Surrey.
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