Impact: Stanford University's economic impact via innovation and entrepreneurship

• Published in: Foundations and trends in entrepreneurship Vol. 14; no. 2; pp. 130 - 278
• Main Authors: Eesley, Charles E, Miller, William F
• Format: Journal Article
• Language: English
• Published: Boston - Delft Now Publishers 01-01-2018; Now Publishers Inc
• Series: Foundations and trends in entrepreneurship
• Subjects: academic entrepreneurship; Auswirkung; Beschäftigungseffekt; Business; Business formation; Business, Economics and Politics; Colleges & universities; Economic aspects; Economic conditions; Economic impact; Economic impact analysis; entrepreneurial ecosystem; Entrepreneurs; Entrepreneurship; Entwicklung; Forschung und Entwicklung; Förderung; High technology: Technology-based new firms; High-tech clusters; Hochschulabsolvent; Hochschullehrer; Innovation; Innovations; Kalifornien; Nascent and start-up entrepreneurs; Personalbeschaffung; Regionales Netzwerk; Silicon Valley; Standortfaktor; technology transfer; Umsatz; Universities and colleges; University-based new business enterprises; Universität; Unternehmensentwicklung; Unternehmensgründung; Unternehmer; USA; Wissenstransfer; Ökonomische Determinanten; San Francisco Bay Area; California
• ISBN: 1680834231; 9781680834239
• ISSN: 1551-3122; 1551-3114; 1551-3122
• DOI: 10.1561/0300000074

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.