Outside the classroom, students create future businesses (MIT)
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.
The E-Club is just one of a variety of organizations at MIT dedicated to
fostering new businesses based on ideas that emerge from classrooms, labs and
late-night brainstorming sessions. And that’s on top of the many competitions
and dozens of venture-oriented classes, services and centers dedicated to
helping members of the MIT community turn their ideas into viable businesses.
The results of all this entrepreneurial ferment are staggering: MIT alumni and
faculty start more than 200 new companies …
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