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November 3, 2015
1871
RANKS 1st IN UNITED STATES IN STUDY OF NORTH AMERICAN BUSINESS
INCUBATORS
UBI Global Names 1871 One Of The Top University-Affiliated Business
Incubators In North America Following Its Survey Of Over 400 Incubators
Across 70 Countries
TORONTO (November 3, 2015) — 1871 ranked 1st in the United States and 2nd in North
America in the UBI Global list of Top University-Affiliated Business
Incubators during the 2015 UBI Global benchmarking conference and award
ceremony for North America. UBI Global utilizes an international
research team that analyzes business incubators based on a wide range
of factors, including their value to members and overall economic
impact. Last year, 1871 was ranked 9th in the world on the list of Top
University-Associated Business Incubators. UBI Global will announce its
global rankings later this year. 1871 CEO Howard A. Tullman traveled to
Toronto today to receive the recognition and share 1871’s progress.
“The UBI Global ranking confirms that 1871 continues to be a leader in
its support of innovation and the entrepreneurial community,” said 1871
CEO Howard A. Tullman. “By offering hundreds of member companies the
best educational resources, individualized programming, mentorship from
top industry leaders, and access to potential investors, 1871 works to
make a real, positive impact on Chicago’s economy by helping
entrepreneurs develop successful technology businesses.”
As a university-affiliated incubator, 1871 maintains close partnerships
with top universities in Chicago and around the world. Northwestern
University, University of Chicago, University of Illinois, Loyola
University Chicago, DeVry University and Illinois Institute of
Technology all have dedicated spaces at 1871 where students and faculty
come to work on their businesses and immerse themselves in Chicago’s
entrepreneurial community.
With over 400 participants who were specifically assessed, the
information in UBI Global’s rankings helps incubator managers from
around the world successfully run their programs by allowing them to see
areas requiring improvement for their specific business models, ways of
effectively utilizing operational budgets, and strategies to attract a
new client base. Additionally, the rankings can aid governments,
investors and early-stage companies to see where the top incubators are
for industries.
“1871 is a top performing business incubator in the North American
region,” said Director of Research and Co-Founder of UBI Global Dhruv
Bhatli. “It performs exceptionally well on value for client indicators.
Additionally, it strongly contributes to the growth of the local
economy by catalyzing job creation. 1871 provides high-quality
incubation services to its client startups, particularly on access to
fund and access to network indicators. Based on UBI Global assessment
of 1871’s performance, we recommend it to all future entrepreneurs in
the region.”
UBI Global’s North American benchmarking conference and awards ceremony
highlighted best practices, hands-on-tools, analyses and success
stories. It featured inspiring presentations that allowed those who
attended to network, learn from each other and improve performance in
order to enhance economic transformation and local, regional and
national development. 1871 CEO Howard Tullman joined the conference for
a panel discussion on global incubation models.
“When Sente brings international startups to the United States with our
international startup accelerator, we know that they will have a
first-rate experience because of their time at 1871,” said Sente
Advisory founder Serhat Cicekoglu. “We congratulate 1871 on another
year of ranking as a top incubator.”
About 1871
1871 is the home of more than 325 early-stage, high-growth digital
startups. Located in The Merchandise Mart, this 75,000 square foot
facility is also the headquarters of nationally recognized
accelerators, Techstars Chicago and Impact Engine; half a dozen
industry-specific incubators in key areas such as real estate,
education technology, food and financial technology; several emerging
tech talent schools (Flatiron, The Fullbridge Program, Designation and
the Startup Institute), and the state's leading technology advocate,
the Illinois Science and Technology Coalition. It is the second home to
Chicago-based VCs, Pritzker Group Venture Capital, MATH Venture
Partners, Hyde Park Angels, OCA Ventures, OurCrowd and Chicago
Ventures, as well as satellite offices for Northwestern University,
University of Illinois, University of Chicago, Loyola University
Chicago, Illinois Institute of Technology, and DeVry. 1871 has fast
become recognized as the hub for the city’s entrepreneurial/technology
ecosystem and has been featured in Inc. Magazine, TechCrunch, The Wall
Street Journal, The New York Times, Chicago Tribune and Crain’s Chicago
Business among other top media. 1871 is the flagship project of the
Chicagoland Entrepreneurial Center.
About UBI Global
Based in Stockholm, Sweden, and with an international research team,
including founders Ali Amin, Dhruv Bhatli, Joel Eriksson Enquist and
Lars Henrik Friis Molin, UBI Index is a thought leader in performance
analysis of business incubators around the world. It helps business
incubators become more efficient and competitive through a
comprehensive benchmark where more than 400 incubators in over 70
countries participate. TechStars London Director, Jonathan Bradford,
Chief Strategy Officer at Vinnova, Kjell Håkan Närfelt, and Paolo
Borella, Director, Microsoft Nokia App Campus form part of the official
UBI Index advisors.
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