The Martin Trust Center for MIT Entrepreneurship provides the expertise, support, and connections MIT students need to become effective entrepreneurs. We serve all MIT students, across all schools, across all disciplines.
Trust Center Values:
- MIT STANDARD OF EXCELLENCE AND RIGOR: We provide the highest-quality education, advising, and practical experiences.
- COLLABORATION: We work closely with other MIT departments, labs, centers, and groups to connect students with the best entrepreneurship programming across the Institute.
- DIVERSITY: Entrepreneurship requires diversity of opinion and diversity of people. Throughout our courses, advising, and programming, we combine a range of critical perspectives.
- EXPERIMENTATION: Each year we try new programs and activities. If we fail, we learn in the process. When we succeed, we aim to scale rapidly.
- HONEST BROKER: Neither the Center nor its faculty or staff take a “piece” of the new companies that we nurture and assist. Our only goal is the student’s long-term entrepreneurial success.
- MENS ET MANUS: True to the motto of MIT, in all of our courses and throughout our activities, we operate on a hybrid model that fuses academic and practitioner perspectives.
This report by MIT underscores the substantial economic impact of the Institute’s alumni entrepreneurs, whose companies have created millions of jobs and generate annual revenues of nearly $2 trillion — a figure greater than the gross domestic product (GDP) of the world’s 10th-largest economy.
In 2009, Edward Roberts, the David Sarnoff Professor of Management at the MIT Sloan School of Management, co-authored a report estimating that, as of 2006, MIT alumni had founded 25,800 active companies worldwide, employing 3.3 million people and generating nearly $2 trillion in annual revenues.
This updated report provides fresh figures: As of 2014, the report estimates, MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues. 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.