The Stockholm based intelligence company and community UBI Global, recognized for high quality intelligence, assessment, and mapping of business incubation, announced the top lists of business incubators and accelerators as evaluated by the World Benchmark Study 2019 -2020.
The recognitions and announcements took place at the World Incubation Summit 2019 in Doha, Qatar. This year’s event was hosted by Qatar Development Bank.
Innovation & Entrepreneurship Center at Mehran University of Engineering & Technology (IEC-MUET) was honored to be recognized as a world top ‘Best Promising Young Incubator’. This means that, as assessed by UBI Global, IEC-MUET has demonstrated exceptional achievement in value for client startups, value for the local ecosystem, and overall attractiveness as a program as a whole.
Director of Research at UBI Global Holger Meyer said “Following a rigorous data-driven approach, we assessed and benchmarked incubation programs across the world”
He further said ”Our World Benchmark Study 2019 – 2020 is in tune with the multiple facets of the international incubation ecosystem and illustrates key challenges and opportunities faced by the participating programs.”
Vice-Chancellor MUET Prof Dr Mohammad Aslam Uqaili, said “Very proud of this exceptional achievement of IEC-MUET on the global scale and under the right leadership, the innovation & entrepreneurship culture will continue to grow and prosper in the university.”
The Head of Innovation & Entrepreneurship Center, Dr Zulfiqar Ali Umrani said that “he is grateful to the UBI-Global for benchmarking ourprogress. I thank the University Leadership and my team for their support and I am especially thankful to the innovative students and faculty who drive the ecosystem. We started this center only 2 years ago and in record time, we have achieved this recognition.”
This year, 364 programs located in 78 countries were selected after assessing and validating the data received from programs seeking knowledge about themselves through the study.
The UBI Awards & Recognition Gala took place at the Museum of Islamic Art, Qatar. The world top lists of programs were each recognized for outstanding performance in nurturing entrepreneurship and innovation.