List Of Companies Founded By Massachusetts Institute Of Technology Alumni
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This is a list of companies founded by
Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...
alumni, including attendees who enrolled in degree-programs at MIT but did not eventually graduate. This list is not exhaustive, as it only includes notable companies of which the founding and development history is well recorded by reliable sources. In particular,
subsidiaries A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a sa ...
are listed with their owners in parentheses. MIT is one of the leading universities worldwide in attracting funding for
start-up companies A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...
, and its alumni have founded numerous companies. According to PitchBook, from 2006 to 2017, MIT produced 907 company founders as alumni or current students, creating 780 companies, third most among all universities in the world. In addition, according to a report of
MIT Sloan School of Management The MIT Sloan School of Management (MIT Sloan or Sloan) is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, ...
in 2015, some 30,000 companies founded by MIT alumni were active, employing 4.6 million people and producing annual revenues of $1.9
trillion ''Trillion'' is a number with two distinct definitions: * 1,000,000,000,000, i.e. one million million, or (ten to the twelfth power), as defined on the short scale. This is now the meaning in both American and British English. * 1,000,000,000,0 ...
, roughly equivalent to the 10th-largest economy in the world (2014). Approximately 40% of MIT founders are serial entrepreneurs, starting multiple companies, and 23% of MIT alumni's new companies are founded outside the United States. In this list, founders of a company which
merged Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...
with other companies to form a new company are counted as founders of the new company. However, founders of a company which later dissolved into several successor companies are ''not'' counted as founders of those successor companies; this same rule applies to spin-off companies. Finally, a defunct company is a company that stopped functioning completely (e.g., bankrupt) without dissolving, merging or being acquired.


Top companies by revenues


Fortune Global 500 (2017)

This list shows companies in Fortune Global 500 founded or co-founded by MIT alumni. The cut-off revenue for 2017 Fortune Global 500 companies is $21,609M in 2016. *: Koch Industries is not listed in ''Fortune Global 500''. Its revenue is provided by ''
Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
''.
**: Merger of different companies, at least one of which was founded by MIT alumni.


Fortune 1000 (2017)

This list shows companies in
Fortune 1000 The Fortune 1000 are the 1,000 largest American companies ranked by revenues, as compiled by the American business magazine ''Fortune''. It only includes companies which are incorporated or authorized to do business in the United States, and for ...
(only for companies within the
U.S. The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...
) founded or co-founded by MIT alumni. The cut-off revenue for 2017 Fortune 1000 companies is $1,791M in 2016. *: Koch Industries and Bose Corporation are not listed in ''Fortune 1000''. Their revenues are given by ''
Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
''.
**: Merger of different companies, at least one of which was founded by MIT alumni.


Former Fortune-listed companies

For each company, only the latest rankings (up to three years) are shown in this list. *: "International Data Group" is not listed in ''Fortune 1000''. Its revenue ($3,800M, 2015) is given by ''
Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
,'' making it equivalent to the 613th position in ''Fortune 1000'' (2016).


Timeline


Index

This index also contains companies listed in section "Notable defunct & dissolved".


2000–present


1980–1999


1960–1979


1900–1959


Before 1900


Notable defunct & dissolved


See also

*
List of companies founded by Harvard University alumni This is a list of companies founded by Harvard University alumni, including attendees who enrolled in degree programs at Harvard University but did not eventually graduate. Companies founded by alumni of Radcliffe College ("Harvard Annex", 1879-199 ...
*
List of companies founded by Stanford University alumni This is a list of companies founded by Stanford University alumni, including attendees who enrolled in degree-programs at Stanford but did not eventually graduate. This list is not exhaustive, as it only includes notable companies of which the fo ...
*
List of companies founded by UC Berkeley alumni This is a list of companies founded by University of California, Berkeley alumni, including attendees who enrolled in degree-programs at Berkeley but did not eventually graduate. This list is not exhaustive, as it only includes notable companies o ...
* List of companies founded by University of Pennsylvania alumni *
List of Massachusetts Institute of Technology alumni This list of Massachusetts Institute of Technology alumni includes students who studied as undergraduates or graduate students at MIT's School of Engineering; School of Science; MIT Sloan School of Management; School of Humanities, Arts, ...


References

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