Melbourne entrepreneurial program ranked in top 25 in the world

June 14 / 139

Founder and CEO of 2Mar Robotics Marita Cheng presents at the MAP13 Demo Day. 2Mar was one of MAP’s 2013 incubator projects.
Founder and CEO of 2Mar Robotics Marita Cheng presents at the MAP13 Demo Day. 2Mar was one of MAP’s 2013 incubator projects.

The University’s in-house entrepreneur incubator, the Melbourne Accelerator Program (MAP) has been ranked 13th in the world by the leading Swedish-based UBI Index.

MAP supports new business ideas through workshops, programs and events for entrepreneurs at all stages of development. 

These allow would-be entrepreneurs to build their skills, network and seek funding to get their business ideas off the ground.

Director of Research at the UBI Index Dhruv Bhatli, described the MAP as an exceptional program.

“It performs really well on our global benchmark especially on access to network and competence development indicators,” Mr Bhalti said.

“Furthermore, MAP’s clients have a higher survival and growth rate and perform much better than the global average.”

MAP manager Rohan Workman said there is a vibrant culture of entrepreneurship in Melbourne that is starting to be recognised globally.  

“We’re exceptionally pleased that our hard work over the past two years has been validated by the UBI Index,” he said.

The index ranks more than 300 university-affiliated business incubators in 67 countries in three performance categories, including value to the ecosystem, value to startup clients and attractiveness of the incubator program.

In total, more than 60 program components were used to compare incubation programs, with the MAP performing highly in both access to a high-quality network and coaching services.

Of the world’s top universities (as ranked by the Times Higher Education Ranking) only the Melbourne Accelerator Program and Georgia Tech’s Venture Lab were in the list.

Mr Bhatli said successful entrepreneurial programs require broad support.

“This proves our hypothesis that creating a competitive business incubation program requires a clear focus from the university,” he said.

MAP is part of the Carlton Connect Initiative at the University of Melbourne.  

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