MIT News: Outside the classroom, students create future businesses PDF Print E-mail
Monday, 03 October 2011 12:10

Members of MIT’s ‘entrepreneurial ecosystem’ say it abounds in resources to help the would-be business founder.


MITAn article in MITNews details how MIT is leading the way producing entrepreneurs...

"At a recent meeting of the 23-year-old MIT Entrepreneurs Club, one recent graduate of the Sloan School of Management described his plans for a business — one based on his solution to a little-recognized problem that currently costs airlines $10 billion a year. Another alumnus, an engineer who recently retired after a career in the telecom business, talked about his patented approach to fighting wildfires in remote locations. A new MIT graduate student, who just earned his undergraduate degree from the Institute this spring, spoke of three different startup businesses he’s currently cultivating in his spare time — one of which he co-founded during his freshman year at the Institute.

In short, just another typical week at the E-Club."

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Food for Thought

"The financial crisis is a good time to spur on entrepreneurship – research shows that many firms begin and gain a foothold in tough economic times, including many of today’s industry leaders such as Microsoft.”

Dennis Hanno, Undergraduate Dean of Babson College