The DMZ at Ryerson University is the top university business incubator in North America, according to UBI Global. Western University's Western Research Parks claimed fifth place and Carlton University's Lead to Win cyber innovation hub placed seventh, as Ontario universities claimed three of the top ten spots in the business incubator category. Meanwhile, York University's York Entrepreneurship Development Institute ranked third in UBI Global's university business accelerator category.

UBI Global benchmarks more than 400 business incubators and accelerators worldwide, and provides businesses and governments with global business incubation knowledge. Data garnered by UBI Global reveals that over the past five years North American business incubators have attracted $1.98 billion in investment while generating more than $5.3 billion in sales.

Ryerson DMZ business incubator fuels emerging entrepreneurial leaders

"Entrepreneurship isn't a trend, it's key to the future of economic prosperity in Canada," says Alan Lysne, Managing Director, Ryerson Futures. "The DMZ is helping strengthen that future by fuelling the success of emerging entrepreneurial leaders from around the globe."

Since its inception five years ago, Ryerson DMZ has supported and fostered new technologies that are transforming lives and business. Located in Toronto, the DMZ is one of Canada's largest incubators for emerging technology, having launched more than 215 start-ups while attracting north of $120 million in seed money.

In taking first place, Ryerson DMZ beat out university business incubators from some of the top universities across North America, including Northwestern University, University of Chicago, Ohio University and Georgia Institute of Technology.

Learn how the Toronto-Waterloo corridor is poised to become Canada's 'innovation super ecosystem'

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