Entrepreneurship and Innovation at MIT: Continuing Global Growth and Impact

Edward B. Roberts, Fiona Murray and J. Daniel Kim (2019), “Entrepreneurship and Innovation at MIT: Continuing Global Growth and Impact—An Updated Report”, Foundations and Trends in Entrepreneurship: Vol. 15, No. 1, pp 1–55.

35 Pages Posted: 11 Mar 2017 Last revised: 20 Apr 2019

See all articles by Edward B. Roberts

Edward B. Roberts

Founder/Chair, Martin Trust Center for MIT Entrepreneurship

Fiona Murray

Massachusetts Institute of Technology (MIT) - Entrepreneurship Center

J. Daniel Kim

The Wharton School

Date Written: April 15, 2019

Abstract

In this report, we assess the economic impact of MIT alumni-founded companies between 1950 and 2014. We estimate that MIT alumni have launched more than 30,000 active companies that employ roughly 4.6 million people and generate $1.9 trillion in annual revenues, which is approximately the size of the world's 10th largest GDP. Furthermore, we document several empirical facts about new enterprises and their founders -- as well as key trends over time -- in the MIT entrepreneurial ecosystem.

Suggested Citation

Roberts, Edward B. and Murray, Fiona E. and Kim, J. Daniel, Entrepreneurship and Innovation at MIT: Continuing Global Growth and Impact (April 15, 2019). Edward B. Roberts, Fiona Murray and J. Daniel Kim (2019), “Entrepreneurship and Innovation at MIT: Continuing Global Growth and Impact—An Updated Report”, Foundations and Trends in Entrepreneurship: Vol. 15, No. 1, pp 1–55., Available at SSRN: https://ssrn.com/abstract=2772695

Edward B. Roberts (Contact Author)

Founder/Chair, Martin Trust Center for MIT Entrepreneurship ( email )

100 Main Street, E62-440
Cambridge, MA 02142
United States
617-253-4934 (Phone)
617-253-2660 (Fax)

Fiona E. Murray

Massachusetts Institute of Technology (MIT) - Entrepreneurship Center ( email )

United States

J. Daniel Kim

The Wharton School ( email )

3641 Locust Walk
Philadelphia, PA 19104-6365
United States

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