The University of Toronto is among the top five best global universities for fostering startups, says UBI Global, a Stockholm-based research and advisory firm that ranks top business incubators and accelerators.
"This is amazing news and an important recognition of the growing international status of our entrepreneurship community at U of T,” said Vivek Goel, vice-president of research and innovation.
“The breadth and depth of U of T’s research expertise coupled with the entrepreneurial talent, ideas and drive of our students and faculty have created a rich, dynamic environment to grow the next great global startups," he said.
“We’d also like to thank the Province of Ontario for their strong support of student entrepreneurship opportunities across the province, which is why Ontario incubators had a very strong showing across the board.”
In the past five years, the University of Toronto has created more than 150 companies, generating more than $500 million in investment. UTM's ICUBE business accelerator has created 20 companies in the last three years.