| MIT was founded in 1861 by an act of the Massachusetts State Legislature that
charged the fledgling Institute with the "development and practical application of
science in connection with arts, agriculture, manufactures, and commerce." The
Institute's motto, mens et manus - literally, "mind and hand" - underscores MIT's
philosophy of transforming visionary ideas into concrete realizations that benefit humanity.
From MIT's inception, entrepreneurship has been a core value of its culture.
Today, entrepreneurship is the driving force for innovation and growth in the global
economy. It is the engine by which new ideas, novel approaches, and advanced technologies
are introduced continuously into businesses and the marketplace. In these times of rapid
technological change and mounting global competition, it is essential to nurture the
spirit of entrepreneurship that underlies the continued competitiveness, success, and
prosperity of society.
For that reason, we are aggressively researching the field and providing innovative
training for tomorrow's visionary leaders. At the same time, MIT scientists, engineers,
and managers believe that it is not enough merely to invent a new product, concept, or
technology. Their measure of success often entails global commercialization and widespread
acceptance of their innovations. |
