Bath News

A business incubator based in the city centre has been named the best in the world

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Written by: Liza-Jane Gillespie | Posted 30 November 2015 16:07

A business incubator based in the city centre has been named the best in the world

SETsquared has been ranked by UBI Global as the top university business incubator in the world.

The enterprise partnership of the universities of Bath, Bristol, Exeter, Southampton and Surrey, launched 13 years ago.

During that time is has SETsquared has supported over 1,000 hi-tech start-ups to develop and raise more than £1 billion of investment, as well as contributing over £3.8 billion to the UK economy with a further £15 billion contribution estimated over the next ten years.

The partnership currently supports 265 companies across its centres and has created over 9,000 new jobs.

Ali Hadavizadeh, deputy head of enterprise at SETsquared’s innovation centre at the University of Bath, said: “The University of Bath Innovation Centre is one of the founding members of the SETsquared partnership, so we’re extremely proud to have been globally ranked number one. The news is validation of the University of Bath’s research excellence and the high calibre of entrepreneurs there, coupled with SETsquared’s regional strength in attracting talented individuals who are engaged in the hi-tech sector.

“Through our engaging business support and incubation activities, we’re able to nurture these entrepreneurs and add value to their propositions by preparing them for the investor community and creating jobs and wealth at local, national and international levels.”

SETsquared’s work for its companies include schemes like its Entrepreneurship Training Programme, which helps entrepreneurs turn their business ideas into investor propositions; Researcher to Innovator, a three-day residential course to help early stage researchers acquire the skills to turn projects into commercial realities; and the ICURe Innovation to Commercialisation Programme, which is funded by InnovateUK and HEFCE, to help market validate commercialisation opportunities from research.

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