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
Date Written: April 15, 2019
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.
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