MIT: The Impact of Innovation

"MIT: The Impact of Innovation," which was prepared by the BankBoston Economics Department, presents the results of a major new study on the national economic impact of companies founded by MIT alumni and alumnae. Among other findings, the study reveals that MIT graduates have founded 4,000 companies, creating 1.1 million jobs worldwide and generating annual sales of $232 billion. To our knowledge, this is the first national study demonstrating the key role that higher education and research play in the economic vitality of this nation.

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To request a hard copy of this report, please contact the MIT News Office at 617-253-2700 or send e-mail to newsoffice@mit.edu. There is also a full news release available on this report.

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