May 17, 2023, Leuven (Belgium) – Imec's accelerator program, imec.istart, is ranked number 1 in the 'World Top Business Accelerator - Linked to University' category. UBI Global unveiled its biannual ranking of top university incubators and accelerators at the World Incubation Summit in Ghent, Belgium. The ranking puts imec.istart at the top of the list of accelerators for technology startups.
The ranking is based on the UBI Global World Benchmark Study, the world’s largest screening of (university) incubators and accelerators. In the past three editions of the ranking (in 2015, 2017, and 2019) imec’s start-up accelerator program secured a spot in the top five. This year’s edition counted 1,895 participants. 109 programs from 56 countries were selected based on a comprehensive list of more than 50 parameters mainly classified into three categories: impact on the ecosystem, performance of the program, and performance of the portfolio start-ups. Imec was ranked number one.
Besides being world-class in research and development, imec can also be proud of its leadership in supporting start-ups and spin-offs. “Over the past years, imec has strongly invested in deep tech venturing, in creating spin-offs that bring unique technology to the market and in start-up support. This approach has paid off with international recognition. This motivates us to continue on the chosen path,” says Luc Van den hove, president and CEO at imec.
“Imec has a long history of launching start-ups and supporting innovative ideas. We have invested significantly in the professionalization of our spin-off operations, resulting in 27 new deep-tech ventures relying on fundamental imec innovations in five years, valued more than 350 million euros. Imec venturing activities now focus on two new growth pillars. In addition to establishing its own spin-offs, imec is increasingly focusing on supporting external deep-tech start-ups. Moreover, as imec is developing its global footprint, we ambition to bring a significant entrepreneurial impact in the ecosystems where imec sets foot. Many start-ups are supported by the imec.xpand investment fund for their first funding or are boosted by the imec.istart accelerator. Hence, imec not only creates impact through R&D, but increasingly also through entrepreneurship”, says Olivier Rousseaux, Director Venturing at imec.
Since its launch in 2011, imec.istart has supported more than 290 tech startups in very different sectors, to grow into successful tech companies. Together, these start-ups have already created more than 2,800 full-time jobs and raised almost 700 million euro in follow-up funding.
The imec.istart-program offers start-ups an initial financial injection of at least 50K euro and, for 12-18 months, support in their growth, and in attracting clients, employees, and follow-up funding through imec’s broad partner ecosystem. Each euro invested by imec.istart, results in at least 39 euros of external follow-up funding for each start-up.
In 2021, imec.istart ambitiously crossed the borders, launching its accelerator program in the Netherlands. In collaboration with Novel-T, the driving force behind the Technical University Twente, imec.istart now also offers its services to start-ups in the Netherlands.
Imec.istart – imec’s business accelerator – aims to help tech companies successfully launch. The imec.istart-program offers a variety of services, including an initial financial injection (50-250K pre-seed funding), personal coaching and mentoring, access to technology and office space, and access to imec’s broad international network and investors. Since its launch in 2011, imec.istart has supported more than 290 tech start-ups. The UBI Global report ranked imec.istart first in the category 'Top University Business Accelerators' of 2023.
About UBI Global
UBI Global is specialized in mapping and connecting the global incubation and acceleration programs for companies. Through its network of more than 1,000 member organizations from more than 90 countries across the world, UBI Global offers matchmaking, ranking, benchmarking and research services to companies and professional incubation programs.
Imec is a world-leading research and innovation center in nanoelectronics and digital technologies. Imec leverages its state-of-the-art R&D infrastructure and its team of more than 5,500 employees and top researchers, for R&D in advanced semiconductor and system scaling, silicon photonics, artificial intelligence, beyond 5G communications and sensing technologies, and in application domains such as health and life sciences, mobility, industry 4.0, agrofood, smart cities, sustainable energy, education, … Imec unites world-industry leaders across the semiconductor value chain, Flanders-based and international tech, pharma, medical and ICT companies, start-ups, and academia and knowledge centers. Imec is headquartered in Leuven (Belgium), and has research sites across Belgium, in the Netherlands, and representation in 3 continents. In 2022, imec's revenue (P&L) totaled 846 million euro.