In the most comprehensive global study of business incubators, the Global Benchmark Report 2014 by the UBI Index, Ireland’s NDRC has been ranked in the top 2.5% worldwide, the highest placement for an Irish incubator.
NDRC has been ranked 19th worldwide (seventh in Europe) and was 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.
Speaking after the report was released, NDRC CEO, Ben Hurley said: “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.
“The high growth rate of our portfolio ventures along with the impressive survival rate of these companies also shows that NDRC’s supportive environment, access to investment and external network are huge advantages for all existing and potential start-ups.
“As an early stage investor, we also believe that ‘by standing still we go backwards’ and will continue to constantly innovate the ways we can work with the very best start-up potential.”
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