Entrepreneurship and Innovation at MIT: Continuing Global Growth
and Impact updates an earlier survey (Entrepreneurial Impact: The
Role of MIT) to explore the continuing contribution of MIT alumni
to innovation and entrepreneurship in the United States and
worldwide. This update is particularly salient given the burgeoning
interest in the role of universities in economic growth and the
fact that students who graduated between 2004 and 2014 faced a more
difficult economic climate. On the one hand, fund raising and
capital access became more challenging as the U.S. economy entered
a period of deep recession starting at the end of 2007, and venture
capital asSets and investments declined. On the other hand,
entrepreneurship concurrently became a potentially more appealing
career choice due both to structural and perceptual changes in
traditional employment and occupations, as well as to an apparent
groundswell in young people's interests in entrepreneurial
endeavors. Overall, our new findings indicate that MIT alumni are
engaged in entrepreneurship and innovation at ever increasing
rates, and at earlier and earlier stages in their lives.
General
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