Stockholm-based business intelligence company University Business Incubators Global, or UBI, has named Memorial University’s Genesis startup hub as a “top challenger” for its annual list of the top 10 university-affiliated startup incubators internationally.

Genesis is one of only three North American universities to be named as top challengers — UBI’s term for incubators that stand out within their regions, but don’t crack the international top 10 list — and was also previously recognized in 2019.

UBI considered about 1,800 programs from more than 1,000 member organizations worldwide for the list, with accelerators from at least two Canadian schools, McGill University and the University of Toronto, reaching not just the top ten, but the top five.

“This recognition is a huge achievement for the Genesis community,” said Genesis CEO Michelle Simms in a statement. “To be a top challenger in North America for the second time, and the only Canadian incubator recognized in this category, means that we’re fostering a globally competitive startup ecosystem here in Newfoundland and Labrador.

“Our staff, clients, partners and stakeholders have created a community with enormous impact and we’re delighted to see that reflected in the UBI study.”

UBI compiles the top 10 list anually as part of its World Rankings Report, with a broader World Benchmark Report to be released April 26.