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Monday, 23 April 2012 19:42

Very Interesting Article on the Long-term Contribution of Entrepreneurship to Economic Development and Employment

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The Role of MIT The Role of MIT Kauffman Foundation

I recomend reading this article on the impact of MIT-related entrepreneurship to the economic development of a region.

The article estimates close to one million jobs worldwide were created by MIT-related entrepreneurship: California - estimated at 526,000 jobs, New York  -estimated at 231,000 jobs, Texas - estimated at 184,000, and Virginia - estimated at 136,000).

Source: Kauffman Foundation

http://www.kauffman.org/research-and-policy/mit-entrepreneurs.aspx

Main highlights are:

The overall MIT entrepreneurial environment, consisting of multiple education, research and social network institutions, contributes to this outstanding and growing entrepreneurial output. Highlights of the findings include:

  • An estimated 6,900 MIT alumni companies with worldwide sales of approximately $164 billion are located in Massachusetts alone and represent 26 percent of the sales of all Massachusetts companies.
  • 4,100 MIT alumni-founded firms are based in California, and generate an estimated $134 billion in worldwide sales.
  • States currently benefiting most from jobs created by MIT alumni companies are Massachusetts (estimated at just under one million jobs worldwide); California (estimated at 526,000 jobs), New York (estimated at 231,000 jobs), Texas (estimated at 184,000) and Virginia (estimated at 136,000).
Last modified on Tuesday, 24 April 2012 19:12
Jordi Argente

 

 

The focus of my work is two-fold:

  1. Source and evaluate new investment opportunities internationally, especially in the emerging economies of Asia and Middle East, on behalf of global investors.
  1. Source technology start-ups for venture capital investors, and support their entrepreneurs to grow from a “seed” or “start-up” stage into the “growth” stage, especially supporting technology companies in the Silicon Valley.

I am a firm believer in the globalization of markets, especially for technology-based companies.

Website: www.nmventuremanagement.com
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