Impact: Stanford University’s Economic Impact via Innovation and Entrepreneurship

Charles E. Eesley and William F. Miller

Foundations and Trends(R) in Entrepreneurship, 2018, vol. 14, issue 2, 130-278

Abstract: This report focuses on data gathered from a large-scale, systematic survey of Stanford alumni, faculty and selected staff in 2011 to assess the university’s economic impact based on its involvement in entrepreneurship. The report describes Stanford’s role in fostering entrepreneurship, discusses how the Stanford environment encourages creativity and entrepreneurship and details best practices for creating an entrepreneurial ecosystem. The report on the 2011 survey, estimates that 39,900 active companies can trace their roots to Stanford. If these companies collectively formed an independent nation, its estimated economy would be the world’s 10th largest. Extrapolating from survey results, those companies have created an estimated 5.4 million jobs and generate annual world revenues of $2.7 trillion.

Keywords: academic entrepreneurship; technology transfer; entrepreneurial ecosystem; Business formation; High technology: Technology-based new firms; Nascent and start-up entrepreneurs; High-tech clusters (search for similar items in EconPapers)
JEL-codes: L26 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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