If they were a nation, MIT entrepreneurs would be world’s 10th-largest economy

Infographic: as of 2014, MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.

Illustration by Christine Daniloff/MIT.

A report released yesterday says that, as of 2014, living MIT graduates who have started and built for-profit companies:

  • launched more than 30,000 active firms,
  • created 4.6 million jobs,
  • and generate roughly $1.9 trillion in annual revenue.

As MIT News reported:

That revenue total falls between the world’s ninth-largest GDP, Russia ($2.097 trillion), and the 10th-largest, India ($1.877 trillion), according to 2013 data on those and other countries from the International Monetary Fund.

“The report confirms what has long been clear: Our community’s passion for doing, making, designing and building is alive and growing,” President L. Rafael Reif wrote in an email today to the MIT community. “As we do our part by continuing to foster our students’ natural creativity and energy, it is inspiring to see the potential our alumni hold to extend MIT’s power to do good for the world.”

Read more >

Entrepreneurship and innovation opportunities abound at MIT, affording students from all disciplines many ways to learn, gain experience, make connections and unleash their inspiration.

Inspired to learn more about entrepreneurship?  See OCW’s popular Entrepreneurship collection for a hand-picked selection of entrepreneurship courses, plus links to many videos and other online resources.

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