Carleton University's Lead To Win has made UBI Global’s top ten list of North American academic business incubators.

UBI Global, a Swedish benchmarking organization, put Lead to Win in the seventh spot. It will announce its global rankings Nov. 25.

Lead To Win has incubated startups since 2002, with companies from the last five years of the program generating over $19.3 million in sales in 2014.

“Lead To Win has helped dozens of technology businesses in our region since 2002,” founder Tony Bailetti said in a statement. “To grow, a new venture must earn the right to exist and find a business model that is stronger than the business models of its competitors. Lead To Win helps individuals with great ideas understand how to make money from growing their own technology businesses.”

Lead to Win’s application process has startups apply for admission, which leads to a review by a panel of external reviewers. The reviewers look at the startup’s potential to earn $1 million in revenues within three years. Successful applicants are then given access to a number of resources at Lead To Win, including workshops, networking opportunities, professional office space and a sales desk inside the Lead To Win accelerator.

The DMZ at Ryerson University in Toronto topped the list. Three other Canadian incubators cracked the top five with Innovate Calgary coming in third, followed by TEC Edmonton, and London’s Western Research Parks.