Whats the Rocket Fuel Driving MITs Entrepreneurial Engine?
October 20, 2010 at 2:53pm For every success story, there is a poster child. Given the quantity and magnitude of technologies that have emerged from MIT’s campus over the years, MIT may in fact be the poster child of technology commercialization and entrepreneurship. For example, according to a Kauffman Foundation report “Entrepreneurial Impact: The Role of MIT,” the combined revenues of companies formed by MIT graduates make MIT at least the seventeenth largest economy in the world. Akamai, the turbo-charger of data transmission on the Internet, and Terrafugia, an MIT company who recently announced the FAA approval of their “road-able aircraft” (otherwise known as a flying car) are two good examples of technology-based companies to have sprung up from MIT in the recent past. As an MBA student at MIT Sloan and the Director of the MIT $100K over the past year, I have seen firsthand MIT’s “special sauce” for helping innovation emerge from its Cambridge campus and land on our doorsteps. T
