MIT and Industry
Since its founding, MIT has fostered a problem-solving approach that encourages researchers to work together across departments, fields, and institutional boundaries. The resulting collaborations have included thousands of fruitful partnerships with industry and other leading research institutions.
Over 700 companies are working with faculty and students both in Institute-wide programs such as the Industrial Liaison Program (part of the Office of Corporate Relations and the main conduit between corporations and MIT) and the MIT Energy Initiative, and in smaller collaborations.
Research sponsored directly by industry totaled $141 million in fiscal year 2016, or 19% of all MIT research funding. According to the National Science Foundation, MIT ranks second in industry-financed research and development expenditures among all universities and colleges without a medical school.
The Technology Licensing Office (TLO) brings about, through technology licensing, commercial investment in the development of inventions and discoveries flowing from research at MIT and Lincoln Laboratory. It is through these investments, and the economic development and new products that follow from them, that MIT technology provides direct benefits to the public. Fiscal year 2016 saw 800 new invention disclosures (plus 82 from Lincoln Lab), 341 US patents filed, 279 US patents issued, 110 licenses granted, 25 companies started, and $ 62 million in total licensing income.
MIT’s strong corporate connection also is reflected in its extensive business-oriented curricula, such as the Leaders for Global Operations program, System Design and Management program, Sloan Fellows Program in Innovation and Global Leadership, Supply Chain Management program, and other degree programs that offer an industry internship component.
MIT Sloan Executive Education provides mid- to senior-level executives with the tools and frameworks needed to create and lead successful organizations. Its programs are led by senior faculty, and combine innovation and entrepreneurship with strategic thinking and global leadership.
MIT Professional Education provides engineering, science, and technology professionals a gateway to renowned MIT expertise, research, and knowledge through advanced education programs designed for working professionals.