Surrey’s SETsquared named best university business incubator in the world
SETsquared, the enterprise partnership between the universities of Surrey, Bath, Bristol, Exeter and Southampton has been ranked the top university business incubator in the world by UBI Global.
Surrey Incubation has been a member of the SETsquared partnership since its inception in 2002.
The partnership specialises in growing high-tech start-ups through its incubation programme and other business acceleration services. Over the last 13 years, it has helped over 1,000 hi-tech start-ups to develop and raise more than £1 billion of investment, as well as contributing over £3.8 billion in GVA (Gross Value Added) to the UK economy.
The centre also provides mentoring and access to investors, corporate innovators and a wide range of industry experts through its network and training programmes.
The UBI Index is the first global index to benchmark the performance and best practice of university business incubators. Last month it ranked SETsquared best university business incubator in Europe.
Celia Gaffney, Head of Business Development and Surrey Incubation at SETsquared’s innovation centre at the University of Surrey, said: “It’s an incredible achievement 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 and innovation of our staff and the success of the high-tech, high growth potential ventures we work with in Surrey and across the south of England.
“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 in the world for innovation.”
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.”
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