TO DESCRIBE the Massachusetts Institute of Technology (MIT) as one of the world's most powerful engines of the entrepreneurial spirit would be a massive understatement.
As one of its famously fastidious professors might put it, just check the numbers. If the revenues of all the companies formed by MIT graduates were added up, that would be more than US$2 trillion (S$2.8 trillion) a year - more than the gross domestic product of all but the 10 largest nations in the world.
There are about 6,900 companies in the state of Massachusetts alone founded by MIT alumni. They employ just under a million Americans. A further 18,900 such companies are scattered around the world employing hundreds of thousands.
Read the special interview in Wednesday's edition of The Straits Times.
