UBI Global Names Embarc Collective Among the World’s Top Challengers in Annual Rankings of Business Incubators and Accelerators

With this recognition, Embarc Collective gains the distinction of being one of only two U.S.-based programs in the top rankings

Embarc Collective, Florida’s fastest-growing startup hub, has been recognized as a global Top Challenger incubation program by UBI Global World Rankings 2021-2022 of Business Incubators and Accelerators. UBI Global, the Stockholm-based innovation intelligence company and community known for the assessment and mapping of business incubators and accelerators, released its benchmarks and rankings as assessed by the World Benchmark Study 2021-2022.
Achievement of Top Challenger status signifies that Embarc Collective has demonstrated outstanding impact and performance relative to other business incubators and accelerators. As a Top Challenger, Embarc Collective outperforms its global peers by demonstrating exceptional value for client startups, value for the local innovation ecosystem, and overall attractiveness as an organization.

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“Being benchmarked based on the quality of our offering and recognized as a top incubation program worldwide means we are actualizing the vision of Embarc Collective — to help put Florida, and specifically Tampa Bay, on the map as a great place to build a technology business,” said Lakshmi Shenoy, CEO of Embarc Collective. “This global ranking is especially exciting given that Embarc Collective is the only physical startup hub in the U.S. to be recognized.”
The performance and impact of Embarc Collective were measured across 21 KPIs against other programs from around the world. The Benchmark Study assessed 1,895 programs, received 356 applications, and ultimately benchmarked 109 programs. Just 41 organizations made the Top Performer or Challenger rankings.
“Following a rigorous data-driven approach, we assessed and benchmarked incubation organizations across the world,” said Joshua 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.”

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With its customizable support model and staff of experienced coaches, Embarc Collective challenges the traditional startup support paradigm, delivering unparalleled resources for Florida-based startups. In 2021, it became Florida’s fastest-growing startup hub and surpassed 125 member startups, quintupling its membership since its launch in 2019.
“Building a company is a challenging process, but having access to the world-class resources of Embarc Collective gives startups a powerful edge,” said Brian Murphy, Founder and CEO of ReliaQuest and Chairman of Embarc Collective. “UBI Global’s recognition of Embarc Collective, one of only two U.S.-based programs recognized in the rankings, further proves that the organization’s top-rated individualized support is making a meaningful difference in bolstering our startup ecosystem.

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