Toronto’s DMZ at Ryerson University has been named the number one university-based incubator in the world by UBI Global, a Stockholm-based firm that gathers and analyzes data on global incubators and accelerators.
The incubator is tied for first with the UK’s SETsquared out of over 200 programs in its category worldwide. UBI Global analyzes factors like funding raised by startups, jobs created, survival rate of companies, and number of coaching hours
per company per month.
“At the DMZ, we understand that economic vitality is fueled by growth-driven incubation and acceleration programs that accelerate the success of the next generation of innovative businesses and prepare them for global expansion,” says Abdullah Snobar, executive director at tthe DMZ. “The UBI ranking is helping us better understand ways to push boundaries in order to create impact not just for our entrepreneurs, but also for our country’s contribution to the global
In 2015, the company was ranked third in the report. The eight-year-old company has been launching several targeted programs since its launch, its most recent being an accelerator for women founders. The incubator also runs a FinTech accelerator, and is running a Digital News Innovation Challenge with Facebook.