UBI Global, the Stockholm-based research and advisory firm known for its regional and global studies that map and evaluate the world of business incubation, has released its biyearly ranking of top university-linked incubation programs and Toronto and Waterloo programs rank among the best.

The DMZ at Ryerson University jointly shared the top spot in the “World Top Business Incubator – Managed by University” category. University of Toronto Entrepreneurship claimed fourth spot in that category, which ranks business incubators that are directly operated by one or more universities.

In the category of “World Top Business Accelerator – Linked to University,” which ranks business accelerators that are managed by, affiliated with, or collaborate with one or more universities, the York Entrepreneurship Development Institute was ranked number one while The Accelerator Centre in Waterloo jointly shared the number four position.

According to UBI Global, a top university-linked incubation program is a business incubator or accelerator connected to an institution of higher education that achieves outstanding impact and performance relative to its global peers. The program outperforms its global peers with regard to the value it provides to its innovation ecosystem and its client startups, as well as the attractiveness of the program itself.