The Role of the University in an Entrepreneurial Economy
This week's essay is a lead in to our first Policy Dialogue on Entrepreneurship briefing on Capitol Hill featuring a new report by Ed Roberts, founder and chair of the MIT Entrepreneurship Center. Lesa Mitchell of the Kauffman Foundation and Robert Atkinson of the Information Technology and Innovation Foundation will also be on hand to discuss the role of universities in stimulating innovation.
Here is the lead:
Have you ever thought about the contribution that universities can make to an economy? Here’s a fact: Around 6,900 MIT-alumni companies with worldwide sales of approximately $164 billion are located in Massachusetts, representing 26 percent of the sales of that state’s companies. MIT’s impact extends to the national level with, for example, 4,100 alumni-founded firms based in California generating an estimated $134 billion in worldwide sales. Edward B. Roberts and Charles Eesley reveal these and other facts in their soon-to-be-launched report “Entrepreneurial Impact: The Role of MIT.”
Now, read the rest.