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UBI Global announces the DMZ and SETsquared as partners to determine rankings for the World Benchmark Study 2021-2022

The DMZ and SETsquared are now playing a larger role in the World Benchmark Study 2021-2022, joining UBI Global to support the assessment and selection of top business incubators and accelerators

TORONTO, ON – Tuesday, January 31
– The World Rankings Report 2021-2022 of business incubators and accelerators was officially released by UBI Global during the World Incubation Summit 2023 Part 1 – as the result of the World Benchmark Study, now in its sixth iteration – representing public, private, university and corporate organizations from startup ecosystems around the world. Announced this year, the DMZ at Toronto Metropolitan University (Canada) and the SETsquared Partnership (Universities of Bath, Bristol, Cardiff, Exeter, Southampton & Surrey, the UK) joined UBI Global as official research partners to partake in the ranking and recognition process for the World Benchmark Study 2021-2022.

Incubators and accelerators that participated in the Study were ranked using program impact and performance scores based on 21 key performance indicators (KPIs). The Study’s KPIs are based on seven subcategory scores, which feed into three main categories for evaluation: value for the ecosystem, value for client startups and value for the program.

“The incubators and accelerators highlighted in the World Benchmark Study have met post-pandemic challenges with creative solutions to deliver a world-class portfolio of services,” said Ali Amin, Co-Founder of UBI Global.“Organizations continue to set the bar higher and continuously exceed the expectations of their respective ecosystems.”

Both the DMZ and SETsquared have achieved the #1 world ranking multiple times, and are now supporting the 2021-22 Study through the provision of research efforts and advisory services during the assessment and selection process. The DMZ and SETsquared are not eligible for ranking or recognition, given their new roles as partners in the Study.

“We’re proud to be partnering with UBI Global on an award that’s near and dear to our hearts at the DMZ,” said Abdullah Snobar, Executive Director of the DMZ and CEO of DMZ Ventures.“As a longstanding winner of UBI Global’s incubator ranking, it’s an honour to be working alongside UBI Global to recognize incubators and accelerators that are driving impact on a global scale.”

“The incubator and accelerator space globally has skyrocketed, fostering a solid support network for startups worldwide,” said Marty Reid, Interim Executive Director of SETsquared. “Highlighting the global network of incubators and accelerators — and its tremendous impact —  is essential to creating a strong and competitive startup ecosystem worldwide.” 

The World Rankings Report 2021-2022 of business incubators and accelerators is available to download now at

The DMZ announced a first-of-its-kind partnership with the Stockholm-based research organization in 2020, becoming the official consultant-on-record for the UBI network. Learn more here.

About UBI Global
UBI Global is an innovation intelligence company and interactive learning community founded in 2013 in Stockholm, Sweden, to identify where innovation hubs are located worldwide and to learn and share what makes them successful.

The company conducts the World Benchmark Study biennially among business incubators and accelerators who submit their data, which ultimately assists organizations with assessment and best practices, and provides global recognition of success. UBI Global engages its interactive learning community of 1,000+ business incubators and accelerators with international events, competitions, awards, and a suite of education materials, original research, and more.

About the DMZ
The DMZ is a world-leading startup incubator based at Toronto Metropolitan University that equips the next generation of tech entrepreneurs with the tools needed to build, launch, and scale highly impactful startups. By providing connections to customers, coaching, capital, and a community, the DMZ’s customized approach helps innovators reach the next milestone in their entrepreneurial journey – whatever that might be. Through its award-winning programming, the DMZ has helped more than 750 startups raise $1.95 billion in capital and create 4,850+ jobs. Headquartered in Toronto, Canada with globally-accessible programming, the DMZ has a widely-recognized international presence with offices in Vietnam, India, and the U.S., and partnerships across North America, Latin America, Africa and Asia.

About SETsquared
SETsquared is a unique enterprise partnership and a dynamic collaboration between the six leading research-led UK universities of Bath, Bristol, Cardiff, Exeter, Southampton and Surrey. Ranked as the Global No. 1 Business Incubator, we provide a wide range of highly acclaimed support programmes to help turn ideas into thriving businesses.

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