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Innovation & Entrepreneurship 36 45 As a whole, MIT alumni–founded companies exhibit strong performance in comparison with baseline US statistics. While roughly 50% of US newly formed businesses survive for ve years or more and 35% last for 10 years, approximately 80% of new companies founded by MIT alumni survive for ve years or more and 70% last for 10 years, according to our results. student groups at MIT are focused on innovation and entrepreneurship 31% of MIT alumni are named as an inventor on a patent 30,000 4.6 million $1.9 trillion employees in annual revenue makerspaces on campus 40% of MIT alumni have launched 2+ companies of MIT alumni founded rms outside the US of MIT students join startup companies (10 years ago it was 6%) 23% 15% currently active companies founded by MIT alumni $ the GDP of the 10th largest economy in the world All data from Entrepreneurship and Innovation at MIT: Continuing Global Growth and Impact, 2014