Alumni Entrepreneurship Report

ALUMNI ENTREPRENEURSHIP REPORT MICHIGAN'S UNIVERSITY RESEARCH CORRIDOR URC AL UM NI HAVE A WAYNE STATE MICHIGAN STATE UNIVERSITY OF MICHIGAN UNIVERSITY Started or acquired businesses at Launched businesses in Created every state and more than DOUBLE half their 50% 100 DIFFERENT COUNTRIES businesses the national average rate among college graduates since 1996 in Michigan 1.5x Compared to the most recently available five-year success rate for U.S. Firms, URC alumni-started firms were nearly 589.840 1.5 TIMES more likely to remain in operation URC UNIVERSITY ALUMNI LIVING IN MICHIGAN #31 The URC confers the most graduate and undergraduate degrees annually – more than 31,000 – among seven top university innovation clusters nationwide. 1.2M 70% Among URC entrepreneurs who graduated in the past, 70% started their first business between the ages of 23 and 31 TOTAL ALUMNI •.... START-UPS 40 MOST URC ENTREPRENEURS START A BUSINESS IN AN AREA OUTSIDE Programs and resources for URC university students, alumni and faculty to spur entrepreneurship, including classes, degrees, incubators, business advisers, and gap funding THEIR MAJOR AREA OF STUDY URC alumni were MOST LIKELY to have started a business if they held a degree in business, the arts, communications, computer and information sciences, architecture or law Start-ups cultivated at 149 URC universities since 2002 Michigan's URC - an alliance between Michigan State University, the University of Michigan, and Wayne State University - is the engine that drives innovation for Michigan and the Great Lakes Region, increasing economic prosperity and connecting Michigan to the world. HIGH DEMAND The URC granted the second-highest number of high-demand degrees overall in 2011 among seven top university innovation clusters nationwide URC urcmich.org tfb.com/researchcorridor urcmich MEDIA: [email protected] - Lambert, Edwards & Associates University Research Corridor ALUMNI ENTREPRENEURSHIP REPORT MICHIGAN'S UNIVERSITY RESEARCH CORRIDOR URC AL UM NI HAVE A WAYNE STATE MICHIGAN STATE UNIVERSITY OF MICHIGAN UNIVERSITY Started or acquired businesses at Launched businesses in Created every state and more than DOUBLE half their 50% 100 DIFFERENT COUNTRIES businesses the national average rate among college graduates since 1996 in Michigan 1.5x Compared to the most recently available five-year success rate for U.S. Firms, URC alumni-started firms were nearly 589.840 1.5 TIMES more likely to remain in operation URC UNIVERSITY ALUMNI LIVING IN MICHIGAN #31 The URC confers the most graduate and undergraduate degrees annually – more than 31,000 – among seven top university innovation clusters nationwide. 1.2M 70% Among URC entrepreneurs who graduated in the past, 70% started their first business between the ages of 23 and 31 TOTAL ALUMNI •.... START-UPS 40 MOST URC ENTREPRENEURS START A BUSINESS IN AN AREA OUTSIDE Programs and resources for URC university students, alumni and faculty to spur entrepreneurship, including classes, degrees, incubators, business advisers, and gap funding THEIR MAJOR AREA OF STUDY URC alumni were MOST LIKELY to have started a business if they held a degree in business, the arts, communications, computer and information sciences, architecture or law Start-ups cultivated at 149 URC universities since 2002 Michigan's URC - an alliance between Michigan State University, the University of Michigan, and Wayne State University - is the engine that drives innovation for Michigan and the Great Lakes Region, increasing economic prosperity and connecting Michigan to the world. HIGH DEMAND The URC granted the second-highest number of high-demand degrees overall in 2011 among seven top university innovation clusters nationwide URC urcmich.org tfb.com/researchcorridor urcmich MEDIA: [email protected] - Lambert, Edwards & Associates University Research Corridor