Impact of MIT Alumni Entrepreneurs

• MIT Alumni have founded 25,800 currently active companies.

• The firms employ 3,300,000 people.

• These firms generate annual world revenues of $2,000,000,000,000.

• If currently active firms founded by MIT graduates were a country, they would be the 11th largest economy in the world.

Economic Impact of MIT Alumni Entrepreneurs - Entrepreneurial Impact: The Role of MIT, Roberts and Eesley, MIT & Kauffman Foundation for Entrepreneurship, February, 2009

Drain Brains!• Immigrants started 25% of U.S. public companies that were

venture-backed.

• The market capitalization of publicly traded immigrant-founded venture-backed companies in the U. S. exceeds $500 billion.

• 40% of U.S. publicly traded venture-backed high-technology manufacturing companies were started by immigrants.

• 50%+ of the employment generated by U.S. public venture-backed high-tech manufacturers has come from immigrant-founded companies.

INVENT!

“Apple-ize” America

• Apple generated $65 Billion in revenue in 2009.– Greater than the GDP of 147 countries. – Apple “is” the 83rd largest country in the world

• >$45 Billion comes from product categories that Apple invented in the past 10 years.– iPods, iPhones, iPads and iTunes

• $30 billion comes from product categories that Apple invented in the past 4 years.

Shale Gas Everywhere You Look

French Tidal Power Plant Online in 1967

http://en.wikipedia.org/wiki/Image:Rance_tidal_power_plant.JPG

300 in NYC’s East Rive by 2013

Small Reactors to the Rescue?

The Future Belongs to You