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RVC assesses the work of business incubators and accelerators

06.12.2016
RVC assesses the work of business incubators and accelerators

Despite their young age, Russian incubators and accelerators are comparable with or outperform their foreign counterparts in many ways.

The results of the study were presented at the Annual Forum "Innovation Ecosystem" in Sochi. As many as 59 universities and 13 independent incubators of Russia have been compared with the European and international reference groups in three categories: the value to the ecosystem, the value for the start-up clients, and the attractiveness of the programs.

The study found that the average age of Russian Business Incubators and accelerators is only seven years old; they are younger than the European counterparts and the world analogues by four years, which is due to the younger age of the Russian entrepreneurial ecosystem. At the same time, they have helped to create an average of 309 work places in start-ups over the last five years, which is fully consistent with the global index. University programs have exceeded the European sample indicators - their result was 376 work places. Independent incubators have created an average of 52 work places over the same period.

A characteristic feature of Russian incubators has become the organization of events, which are seen as a key source of revenue (according to 39% of respondents). The interviewed accelerators hold about 50 events a year, meanwhile, the European and global counterparts are limited to 30 events. More than 80% of Russian start-ups undergo full-time acceleration. At the same time, there has been a virtual learning trend in the world lately - only 70% of customer programs are physically recorded. In the meantime, despite the fact that accelerators and incubators are located throughout Russia, most of them are concentrated in the European part of the country, particularly in Moscow, St. Petersburg, Kazan and Samara.

The annual budget of a Russian business incubator is barely more than 250 thousand dollars, while in the world, the figure is 550 thousand dollars. The sources of income for Russian programs are government grants, fees for services, income activities, rental of premises, and corporate sponsors. Only 31% of Russian business incubators support seed fund; meanwhile, in Europe and around the world, this figure exceeds 50%.

Russian acceleration programs face difficulties when it comes to providing start-ups with access to monetary funds. The average number of investors in the Russian network program (12) is significantly less than in Europe (55) and around the world (64) analogues. Despite this, Russian technology entrepreneurs show their great interest in business accelerators. On average, Russian program process 181 applications annually, which is higher than their counterparts in Europe (153) and around the world (145).

Leading Russian accelerators and incubators generate by nearly 30% more than the total economic impact compared with the average sample. They provide a variety of services to their start-up customers and have a large number of trainers and facilitators. The leaders have established relations with investors, partners and sponsors. The number of customers-start-ups who have successfully completed the programs of the best incubators of Russia are almost 3.5 times higher than the average.

"RVC conducts and supports a large number of programs, developing start-ups and infrastructure to support innovation. Without such infrastructure, for projects of all stages, including the most elementary ones, we will continue to observe the lack of companies with prospects of further development. Taking into account the young age and the specific conditions under which Russian accelerators and incubators, we can say that they have achieved incredible success over a short period of time and have become an indispensable element of the ecosystem," commented on the results of the study Evgeny Kuznetsov, acting General Director of RVC.

Some of the most successful university business incubators include business incubators of the ITMO University of St. Petersburg, a business incubator Irkutsk State Technical University, and Tomsk Business Incubator "Druzhba" TUSUR. The best business incubators affiliated with universities are Technopark "Zhiguli Valley", the Zelenograd Development Corporation and the residency of the business incubator "Ingria". The first positions in the category of university accelerators were taken by "Captains of Russia" of REU named after G.V. Plekhanov, iDealMachine of ITMO University, and "UrFU" accelerator of the Ural Federal University. From accelerators, associated with universities, the best were recognized as Kazan Pulsar Venture Capital program and Moscow accelerators FRII and NUMA Moscow.

For more information on the study, follow this link.

All analytical materials prepared by RVC, together with the Russian and foreign partners, represented on the RVC website under the "Analytics" section.





Information

About UBI Global
UBI Global is a worldwide research organization based in Stockholm (Sweden), whose international research team specializes in the evaluation and analysis of the effectiveness of business incubators around the world and helps them to become more efficient and competitive. More than 500 business incubators from 70+ countries participated in the last year's study of UBI Global.

About HSE Business Incubator
Business Incubator of the Higher School of Economics is a structural unit of the Higher School of Economics, the first student incubator in Russia, a platform for the development of entrepreneurship and support of start-ups, the development of the innovation ecosystem in the country. Included in the top 25 most powerful university incubators in the world by UBI Global 2015

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