Even though the University of Chicago does not have a school of engineering, it has become a leading startup university. Groupon, GrubHub, Braintree Financial and other high growth, student created firms have come of of the University of Chicago in recent years and the end is nowhere in site.
Check out my new paper: The Campus as Entrepreneurial Ecosystem: the University of Chicago to learn more about Chicago and how the US campus has become the hottest entrepreneurial ecosystem around. Here is a snippet:
In March 2016, Forbes Magazine released its list of the world’s billionaires. Simply perusing the 100 richest people in the world suggests that student entrepreneurs from US colleges and universities have impacted the world as much as any cohort on the list. The outsized impact of students that began the firm formation process on campus is glaring. Bill Gates, co-founder of Microsoft, is #1 in the world, with Mark Zuckerberg of Facebook at #6 while the Google founders come in at #12 and #13 (“The World’s Billionaires,” 2016). Just a short leap away is Phil Knight of Nike at #24 and Michael Dell at #35 with Paul Allen, who left Microsoft in the early 1980s after co-founding the firm with Gates, at #40 spot globally (“The World’s Bilionaires,” 2016). There are many others on the list that trace their wealth to student created firms at US universities. While there is a diversity of founders and fields of studies from a range of years and universities, their ventures were begun on a campus entrepreneurial ecosystem in the US.