Entrepreneurship and Innovation at MIT : Continuing Global Growth and Impact

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