Foundations and Trends® in Entrepreneurship > Vol 7 > Issue 1–2

Entrepreneurial Impact: The Role of MIT

Edward B. Roberts, David Sarnoff Professor of Management of Technology, MIT Sloan School of Management, and the Founder and Chair of the MIT Entrepreneurship Center, USA, eroberts@mit.edu Charles E. Eesley, Assistant Professor, Stanford University Department of Management Science and Engineering, USA, cee@stanford.edu
 
Suggested Citation
Edward B. Roberts and Charles E. Eesley (2011), "Entrepreneurial Impact: The Role of MIT", Foundations and Trends® in Entrepreneurship: Vol. 7: No. 1–2, pp 1-149. http://dx.doi.org/10.1561/0300000030

Published: 28 Aug 2011
© 2011 Edward B. Roberts
 
Subjects
High technology
 
Keywords
Entrepreneurial ecosystemAcademic entrepreneurshipEntrepreneurial development
 
 
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In this article:
1 Executive Summary
2 The Role of MIT Alumni Companies in the US Economy
3 MIT — Its Unique History, Culture, and Entrepreneurial Ecosystem
4 An Evolving MIT Internal Entrepreneurial Ecosystem
5 Recent MIT Institutional Broadening and Growth
6 Conclusions: Enhancing the Role of Research/Technology Universities in an Entrepreneurial Economy
A Sources of Information
References

Abstract

The ultimate value of this study is to help us understand the economic impact of the entrepreneurial ventures of university graduates. We know that some universities play an important role in many economies through their core education, research and development, and other spillovers. However, in order to support economic growth through entrepreneurship, universities must create a culture and programs that make entrepreneurship widely accessible to students. While MIT's leadership in developing successful entrepreneurs has been evident anecdotally, this study – one of the largest surveys of entrepreneur alumni ever conducted – quantifies the significant impact of MIT's entrepreneurial ecosystem that supports firm start-ups. Furthermore, while MIT is more unique and unusual in the programs it offers and in its historical culture of entrepreneurship, MIT provides a benchmark by which other institutions can gauge the economic impact of their alumni entrepreneurs. The report also provides numerous examples of programs and practices that might be adopted, intact or modified as needed, by other universities that seek enhanced entrepreneurial development. The Appendix identifies several universities that have carried out surveys of alumni entrepreneurs.

DOI:10.1561/0300000030
 
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Table of contents:
1. Executive Summary
2. The Role of MIT Alumni Companies in the U.S. Economy
3. MIT - Its Unique History, Culture, and Entrepreneurial Ecosystem
4. An Evolving MIT Internal Entrepreneurial Ecosystem
5. Recent MIT Institutional Broadening and Growth
6. Conclusions: Enhancing the Role of Research/Technology Universities in an Entrepreneurial Economy
7. Appendix: Sources of Information
8. References

Entrepreneurial Impact: The Role of MIT

Entrepreneurial Impact: The Role of MIT helps us understand the economic impact of the entrepreneurial ventures of university graduates. We know that some universities play an important role in many economies through their core education, research and development, and other spillovers. But in order to support economic growth through entrepreneurship, universities must create a culture and programs that make entrepreneurship widely accessible to students. While MIT's leadership in developing successful entrepreneurs has been evident anecdotally, this study - one of the largest surveys of entrepreneur alumni ever conducted - quantifies the significant impact of MIT's entrepreneurial ecosystem that supports firm startups. And, while MIT is more unique and unusual in the programs it offers and in its historical culture of entrepreneurship, MIT provides a benchmark by which other institutions can gauge the economic impact of their alumni entrepreneurs. The report also provides numerous examples of programs and practices that might be adopted, intact or modified as needed, by other universities that seek enhanced entrepreneurial development. Finally, the Appendix identifies several universities that have carried out surveys of alumni entrepreneurs.

ISBN:978-1-60198-478-4 E-ISBN:978-1-60198-479-1 DOI:10.1561/9781601984791