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

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  • Eesley, Charles E.
  • Miller, William F.

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.

Suggested Citation

  • Eesley, Charles E. & Miller, William F., 2018. "Impact: Stanford University’s Economic Impact via Innovation and Entrepreneurship," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 14(2), pages 130-278, April.
    • Handle: RePEc:now:fntent:0300000074
    DOI: 10.1561/0300000074
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    References listed on IDEAS

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    4. Jolly, Robert W. & Yu, Li & Orazem, Peter & Kimle, Kevin, 2010. "Entrepreneurship and Higher Education: An Overview of the Iowa State University Alumni Survey," Staff General Research Papers Archive 13167, Iowa State University, Department of Economics.
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    Citations

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    Cited by:

    1. Andrea Porras-Paez & Jana Schmutzler, 2019. "Orchestrating an Entrepreneurial Ecosystem in an emerging country: The lead actor’s role from a social capital perspective," Local Economy, London South Bank University, vol. 34(8), pages 767-786, December.
    2. Charles E. Eesley & Yong Suk Lee, 2021. "Do university entrepreneurship programs promote entrepreneurship?," Strategic Management Journal, Wiley Blackwell, vol. 42(4), pages 833-861, April.
    3. Călin S. Vac & Ileana Andreica & Ioana A. Roman, 2023. "Prospects for Research, Development, Innovation and Technology Transfer in Romanian Horticulture," Sustainability, MDPI, vol. 15(13), pages 1-26, June.
    4. Michael Fritsch & Michael Wyrwich, 2023. "Entrepreneurship in the Long-Run: Empirical Evidence and Historical Mechanisms," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 19(1), pages 1-125, January.
    5. Charles H. Fine & Loredana Padurean & Sergey Naumov, 2022. "Operations for entrepreneurs: Can Operations Management make a difference in entrepreneurial theory and practice?," Production and Operations Management, Production and Operations Management Society, vol. 31(12), pages 4599-4615, December.
    6. Ozen, Cagla & Owaishiz, Abdalilah & Dabic, Marina & Daim, Tugrul, 2023. "Exploring entrepreneurship in the academic environment," Technology in Society, Elsevier, vol. 72(C).
    7. O'Kane, Conor & Mangematin, Vincent & Zhang, Jing A. & Cunningham, James A., 2020. "How university-based principal investigators shape a hybrid role identity," Technological Forecasting and Social Change, Elsevier, vol. 159(C).
    8. Marc H. Meyer & Chaewon Lee & Donna Kelley & Greg Collier, 2020. "An Assessment and Planning Methodology for University-Based: Entrepreneurship Ecosystems," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 29(2), pages 259-292, September.
    9. Maribel Guerrero & David Urbano, 2019. "Effectiveness of technology transfer policies and legislation in fostering entrepreneurial innovations across continents: an overview," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1347-1366, October.

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    More about this item

    Keywords

    academic entrepreneurship; technology transfer; entrepreneurial ecosystem; Business formation; High technology: Technology-based new firms; Nascent and start-up entrepreneurs; High-tech clusters;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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