SETsquared, a university commercialisation partnership, is named one of the top incubators in Europe.
UK university commercialisation partnership SETsquared is named one of the top incubators in Europe following its success in securing £34m in investment for its businesses in 2013 alone.
It was named alongside Ireland-based NDRC LaunchPad in the University Business Incubator 2013 Index as joint-fourth in the world, with only US incubators filling the top spots. The Rice Alliance for Technology and Entrepreneurship, based at Rice University, topped the list.
In addition to raising the $34m in investment for companies within its incubator, SETsquared, comprised of the universities of Southampton, Exeter, Bath, Bristol and Surrey, also saw this year the sale of Ubiquisys to IT firm Cisco for $310m.
Graham Harrison, SETsquared director, said: “These successes, combined with the UBI Index ranking, are proof that our model works. We have been supporting the UK’s economic growth by championing these innovative start-ups for the last 10 years and, without question, we see the UK’s economy over the next decade being underpinned by the kind of high-tech, start-up businesses being nurtured in our centres.”
