Five years after launching and 200 startups later, the DMZ has earned the title of the top incubator in North America by Stockholm-based research organization UBI Global.
“The DMZ is at the forefront of Canada’s efforts to grow the digital economy by empowering young people and giving them tools necessary to succeed,” said Abdullah Snobar, executive director of the DMZ. “This ranking recognizes our commitment to fuelling innovation in Canada and our work to cultivate a vibrant community with an unparalleled network and program that supports entrepreneurs.”
After conducting more than 60 case studies in North America, UBI Global named the DMZ as the top choice. The organization evaluated incubators based on 50 performance indicators, and the DMZ scored highly in areas that included talent retention, economy enhancement, and post-incubation relationships. Notable success stories from the DMZ include DreamQii, which broke records in 2014 for the most successful Canadian crowdfunding campaign with over $2.5 million raised, and SoapBox, which recently announced a $3 million seed round.
“The DMZ’s continued dedication to entrepreneurs and startups has generated outstanding economic impact for the companies it supports,” said Ali Amin, UBI Global CEO. “The result is that DMZ startups perform strongly against the regional benchmark, resulting in higher growth, survival and success rates.”