On 19th November, the m:lab East Africa was recognized among the top three best performing University Business Incubator in Africa by the UBI Global. UBI Global is thought leader in performance analysis of business incubation around the world. They help business incubators and business accelerators become more efficient and competitive through a comprehensive benchmark where more than 400 incubation programs in over 70 countries participate. The UBI Global hosted an online award ceremony for the 2015 High Impact Incubation Programs in Africa. A High Impact Incubation Program is a successful business incubator or accelerator that is managed, affiliated or associated with a university, that has high impact on its ecosystem and provides higher value to their startup clients than their regional or global peers. They stand out from average-performing incubation programs with better outcomes on economy enhancement, access to funds and post incubation performance indicators. It was during the UBI online award ceremony which was held at UBI Global’s headquarters in Stockholm and streamed live via https://goo.gl/onIf4J that the m:lab East Africa together with two other incubators from Africa (Technology Incubation Centre from Nigeria and Timbali Technology Incubator from South Africa) were recognized as the best performing University Business Incubators in Africa. m:lab East Africa is the youngest of the two incubators having being started in 2011, while Technology Incubation Center from Nigeria was started in 2007 and Timbali Technology Incubator from South Africa started in 2004. According to the UBI Global CEO, Ali Amin“Our African business incubation landscape is made up of 19 incubators, making Africa the fifth largest region UBI Global benchmarks in terms of sample size. Africa’s business incubators attracted a total of $15,4M, meaning each of the 19 incubators has received an average of $814K each. With regard to deal flow Africa’s incubators as a whole receive 1169 applications per year, equating to an average of 87 applications per incubator.In the last 5 years Africa’s business incubators have created 3150 jobs and over the same time period attracted $15.4M in investment” The m:lab together with TIC and Timbali Technology Incubator will be shortlisted for the UBI Global’s World Rankings in London, United Kingdom on November 25, 2015. A big thank you to the UBI Global for the recognition and congratulations to Technology Incubation Center and Timbali Technology Incubator
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