Tap the wellspring of progress.
Computers. The Internet. Radar. Many of the principal scientific and cultural advances of our generation have been shaped by MIT innovation. Management practice is also under the microscope at the Institute, because in today’s world business decisions make or break the success of new ideas.
Many fellows enter the program because they want access to the best thinkers of our day—in biotech and high tech, in state-of-the-art media and political science, and, of course, in economics and management. Mary Gallagher, SF ’08, reflects on the experience of a nontechnologist at the hub of technology. “As a finance type, I was able to understand—and see the future of—many of the technologies we were funding at UTC. As I assumed my new role as VP of Financial Planning & Analysis at Pratt & Whitney, my experience at MIT, which is an incubator for aerospace innovation, gave me terrific street credibility.”
The birthplace of new enterprise.
For many fellows, one of the attractions of the MIT Sloan Fellows Program is spending a full year hardwired to the nerve center of global enterprise. Collaboration across disciplines, institutions, and nations fuels the everyday work of the Institute. Scientists and engineers are eager to employ the latest business strategies to move their advances out into the world as quickly and productively as possible.
It’s working. A recent study by the Kauffman Foundation, “Entrepreneurial Impact: The Role of MIT,” describes the economic effect of alumni-founded companies and the Institute’s entrepreneurial ecosystem. The study shows that if the active companies founded by MIT graduates were to form an independent nation, their revenues would make that nation at least the 11th-largest economy in the world.
The MIT $100K Competition, the world’s first and most successful entrepreneurship competition, has launched more than 130 companies with aggregate exit values of $2.5 billion and a market cap of more than $15 billion. These companies have generated more than 2,500 jobs and have received over $770 million in venture capital funding.
The MIT Sloan Fellows Program was designed for talented managers and innovators around the globe who expect to be counted among the MIT alumni who have led iconic corporations like Eastman Kodak, Sprint, Hewlett-Packard, SingTel, Raytheon, Kirin Holdings Company, McDonnell Douglas, Texas Instruments, NTT DOCOMO, Intel, Bose, Polaroid, Campbell Soup, Gillette, Teradyne, and E*Trade.
Want to know more about what’s happening at the Institute? Visit these sites to get a richer picture of what makes MIT MIT:
I strategized with the world’s top aeronautics scientists, explored pivotal technological innovations at the MIT Media Lab, learned from leading security experts in political science—even tapped the latest thinking on defense policy at Harvard’s JFK School of Government. If it was essential to me as a leader, I could reach across the MIT universe and get it.Amy Gowder Graban, SF ’10
Director, Lockheed Martin Aeronautics Company