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Impact: Stanford University’s
Economic Impact via Innovation
and Entrepreneurship
Author(s): Charles E. Eesley;William F. Miller
Source: Journal:Foundations and Trends® in Entrepreneurship ISSN Print:1551-3114, ISSN Online:1551-3122 Publisher:Now Publishers Volume 14 Number 2, Pages: 153(130-278) DOI: 10.1561/0300000074 Keywords: academic entrepreneurship;technology transfer;entrepreneurial ecosystem
Abstract:
This report focuses on data gathered from a large-scale, systematic
survey of Stanford alumni, faculty and selected staff in 2011
to assess the university’s economic impact based on its involvement
in entrepreneurship. The report describes Stanford’s role in
fostering entrepreneurship, discusses how the Stanford environment
encourages creativity and entrepreneurship and details best
practices for creating an entrepreneurial ecosystem. The report on
the 2011 survey, estimates that 39,900 active companies can trace
their roots to Stanford. If these companies collectively formed an
independent nation, its estimated economy would be the world’s
10th largest. Extrapolating from survey results, those companies
have created an estimated 5.4 million jobs and generate annual
world revenues of $2.7 trillion.
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