Measure for Success Data Driven Innovation Ecosystem Development- Insights From Brazil Canada and Russia

Around the world, university‐based business incubators and accelerators have become a primary means of motivating, training, supporting, and retaining the entrepreneurs of today and tomorrow.However, few empirical studies have systematically assessed their relative performance and impact.This lack of data‐driven monitoring jeopardizes the efficient allocation of resources, provision ofservices, and by extension the success of the incubation programs, their client startups, andinnovation ecosystems.This paper advances the argument that quantitative performance tracking and impact assessment need to be integral elements of any effort to establish successful local, regional, or national innovation ecosystems. By comparing and contextualizing key results from three empirical studies conducted by UBI Global in collaboration with regional and national partners in Brazil, Canada, andRussia, it uncovers best practices pertaining to incubation programs’ business models, role within their respective innovation ecosystems, and efforts to provide the best possible client startup support.