01 Feb Guinness Enterprise Centre wins global award
The Guinness Enterprise Centre (GEC) have been named the World’s Top University Associated Business Incubator by the UBI Global World Top University Business Incubator and Accelerator Rankings.
The UBI Global World Top University Business Incubator and Accelerator Rankings assess 1,200 university incubators around the world and rank them according to value for ecosystem, value for clients, and attractiveness. This year, 330 of the 1,200 incubator entrants, including the GEC, were benchmarked.
The Guinness Enterprise Centre scored 78/100 compared to a global average of 53/100. Contribution to job growth and support for graduate start-ups were highlighted among the GEC’s top attributes.
The GEC is managed by Dublin BIC, which also manages the AIB Seed Capital Fund and Halo Business Angel Network (HBAN), helping start-ups become investor ready, access finance and grow their companies domestically and internationally.
More than 90 start-ups call the GEC home, with an additional 70 support companies housed in the centre. Many of these are graduate-led companies, started through collaboration with various universities. More than 370 people work in the incubator, with close to 1,000 employed globally by the start-ups it houses.
They work closely with top universities and institutions in Ireland, including Trinity, DCU, DIT, UCD Smurfit and Ballyfermot College of Education. The centre also frequently collaborates with universities abroad including the University of Phoenix, Arizona; Northeastern University, Boston; and University of Padua, Italy.
Chairman of thed Guinness Enterprise Centre, David Varian said, “We understand that our ability to help commercialise projects was a key factor behind our success. Working closely with universities has been a core part of what we do since the GEC was born in 1999.
“We hone the talents of ambitious graduate start-up leaders from Ireland and abroad to give them a base, help them develop their skills, and connect them with the right people to grow. Ireland is a globally recognised start-up hub and we’re delighted to play a part in this and be recognised for our work.“
Minister for Jobs, Enterprise and Innovation, Richard Bruton added, “This is great news for the Guinness Enterprise Centre and a great boost for our efforts to make Ireland a great place to start a business.
“Business incubators in general, and those associated with universities in particular, are a crucial part of any country’s start-up environment, and we have made a concerted effort through our Action Plan for Jobs to improve the availability of these facilities in Ireland. I am delighted to congratulate Eamonn and all his team on this major award, and wish them every success in the future.“