by Tina Olivero

    Genesis Recognized by UBI Global Among Top Challengers

    January 25, 2023

    University Business Incubators Global has released the top lists and top challengers as assessed by the World Benchmark Study 2021–22.

    UBI is a Stockholm-based innovation intelligence company and community known for the assessment and mapping of business incubators and accelerators.

    Achievement of top challenger status among North American peer organizations means that Memorial University’s Genesis demonstrates exceptional value for client startups, value for the local ecosystem and overall attractiveness as an organization.

    Top challengers are organizations with performance and impact scores resulting from the World Benchmark Study 2021–22, making it stand out among peers in its region.

    “Following a rigorous data-driven approach, we assessed and benchmarked incubation organizations across the world,” said Joshuah Sowah, head of research, at UBI Global. ”Our study is in tune with the multiple facets of the international incubation ecosystem and illustrates critical challenges and opportunities the participating organizations face.”

    “This recognition is a huge achievement for the Genesis community,” said Michelle Simms, president and CEO, of Genesis. “To be a top challenger in North America for the second time, and the only Canadian incubator recognized in this category, means that we’re fostering a globally competitive startup ecosystem here in Newfoundland and Labrador. Our staff, clients, partners and stakeholders have created a community with enormous impact and we’re delighted to see that reflected in the UBI study.”

    For the full World Rankings Report 2021–22 of business incubators and accelerators, please visit online.

    About Genesis

    Genesis, established in 1997, exists to help build amazing companies. Genesis clients and graduates have raised more than $680 million in private investment, generated more than $220 million in annual revenues and created more than 2,500 jobs. Genesis alumni are among some of the top companies in Canada, including Verafin, Rutter, Mysa, Virtual Marine and Genoa Design. To learn more about Genesis and its innovative programming, visit Genesis online.

    About UBI Global

    UBI Global is a Swedish-based innovation intelligence company and community specializing in mapping, highlighting and connecting the world of business incubation. Through a community of more than 1,000 member organizations from more than 90 countries worldwide, UBI Global provides matchmaking, ranking, benchmarking and research services to corporations and business incubation organizations. Previous results from UBI Global’s studies have been featured on BBC Radio, The Chicago Tribune, Le Figaro, Der Standard, The Huffington Post, The Irish Times, France 3 and many other media outlets around the world.

    Tina Olivero

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