Collaboration with 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.
Solving Real World Problems
- Currently over 750 companies are working with faculty and students on projects of mutual interest. Among these corporate sponsors are such global leaders as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, etc.
- MIT has vibrant patenting/licensing activity, with 743 new invention disclosures in FY14, and $79 million in total licensing revenue.
- According to a 2011 Kauffman Foundation Entrepreneurship Study, 33,000+ companies have been founded by MIT alums creating 3.3+ million jobs and $2 trillion in annual world sales.
#1 in Corporate Research Expenditures
- According to the National Science Foundation, MIT ranks first in industry-financed R&D expenditures among all universities and colleges without a medical school.
- Industry-sponsored research totaled $128 million in FY14 (includes government pass-throughs), or 19% of all MIT research funding.
- In FY14, 788 companies provided R&D/gift support to MIT; 36 companies funded $1million+, 193 companies funded $100 thousand - $1 million.
MIT welcomes all industry partners who seek practicable and pragmatic solutions, and who share and celebrate the entrepreneurial spirit that brings new ideas to life. Together, MIT and industry can make great progress in creating new knowledge, in shaping new leaders and in making important gains against the challenges of our generation.