According to Simona Covel at the WSJ’s Independent Street Blog, many Yale startups leave campus and head for Silicon Valley. In order to fight this high-tech flight, Yale created the Yale Entrepreneurial Institute (which we featured here). From the post,
So far, says YEI director James Boyle, it’s working — at least a little bit. Two of last summer’s crop of six start-ups remain in New Haven. Just as important, Mr. Boyle says, is that the program leaves students and potential students with the impression that Yale is an incubator for student-run businesses, just like Stanford or MIT.
“It has been pivotal in demonstrating to the student body that you can start high-tech companies at Yale — a space where Yale usually isn’t known,” he says.
Does your campus put out the welcome mat for entrepreneurs? Is it true that tech startups need to be on the West Coast?