GHENT, BELGIUM, January 25, 2023 – Genesis was recognized as a Top Challenger – North America. University Business Incubators (UBI) Global, the Stockholm-based innovation intelligence company and community known for the assessment and mapping of business incubators and accelerators, released the top lists and top challengers as assessed by the World Benchmark Study 2021-2022. Achievement of Top Challenger status among North American peer organizations, as assessed by UBI Global, means that Genesis demonstrates exceptional value for client startups, value for the local ecosystem, and overall attractiveness as an organization. Top Challengers are organizations with performance and impact scores resulting from the World Benchmark Study 2021-2022 making it stand out among peers in its region.

“Following a rigorous data-driven approach, we assessed and benchmarked incubation organizations across the world,” says Joshuah Sowah, Head of Research at UBI Global. ”Our study is in tune with the multiple facets of the international incubation ecosystem and illustrates critical challenges and opportunities the participating organizations face.”

“This recognition is a huge achievement for the Genesis community,” says Michelle Simms, President & CEO of Genesis, “To be a Top Challenger in North America for the second time, and the only Canadian incubator recognized in this category, means that we’re fostering a globally competitive startup ecosystem here in Newfoundland and Labrador. Our staff, clients, partners and stakeholders have created a community with enormous impact and we’re delighted to see that reflected in the UBI Study.”

For the full World Rankings Report 2021-2022 of business incubators and accelerators, please visit www.worldbenchmarkstudy.com

About Genesis

Genesis, established in 1997, exists to help build amazing companies. Genesis clients and graduates have raised more than $680 million in private investment, generated more than $220 million in annual revenues and created more than 2,500 jobs. Genesis alumni are among some of the top companies in Canada, including Verafin, Rutter, Mysa, Virtual Marine and Genoa Design. To learn more about Genesis and its innovative programming, visit www.genesiscentre.ca.

About UBI Global

UBI Global is a Swedish-based innovation intelligence company and community specializing in mapping, highlighting, and connecting the world of business incubation. Through a community of more than 1,000 member organizations from over 90 countries worldwide, UBI Global provides matchmaking, ranking, benchmarking, and research services to corporations and business incubation organizations. Previous results from UBI Global’s studies have been featured on BBC Radio, The Chicago Tribune, Le Figaro, Der Standard, The Huffington Post, The Irish Times, France 3, and many other media outlets around the world.

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 For more information, please contact:

Annagray Campbell
Manager, Community Engagement – Genesis
acampbell@genesiscentre.ca

Angela Partridge
Communications Manager – UBI Global
communications@ubi-global.com