Wednesday, June 25 14:03:19
Ireland's NDRC has been ranked in the top 2.5pc worldwide, the highest placement for an Irish incubator.
The Global Benchmark Report 2014 by the UBI Index, ranked NDRC 19th worldwide (7th in Europe) and was particularly praised for the 'exceptional economic impact' by NDRC portfolio companies.
The UBI Index assessed 800 incubators in 67 countries worldwide with 300 of these shortlisted for rigorous benchmarking. Over 60 key performance indicators were then used to assess each incubator with all then ranked.
Dhruv Bhatli, co-Founder of UBI Index, said "NDRC is one of the top business incubators in the world that provides good value to its portfolio companies and generates exceptional economic impact on the region. As the first and most elaborate benchmark of university business incubators UBI Index includes incubators affiliated with most of the top Universities in the world, notable participants originate from Columbia, Oxford, University of Pennsylvania and Imperial College. In this context NDRC performs much better than their peers at the above mentioned top universities."
Speaking after the Report was released, NDRC CEO, Ben Hurley said the ranking is a major milestone for the incubator group.
"This is an important endorsement of NDRC and further confirmation of the central place we maintain in the global innovation ecosystem. NDRC is focused on building high impact ventures which are worthy of investment and have the ability to scale and grow. The economic impact of these ventures is central to our approach and we are delighted that the report has drawn attention to this by pointing out that NDRC scores particularly well on economic enhancement indicators," he said.