Image | Robert Scoble
According to the last Global Entrepreneurship Report, published by Oracle Capital Group, India and Turkey are the countries where the highest number of new companies are started (in proportion to their populations). The United States follows in third place, and Spain is ranked 24th.
Although multiple criteria are used to analyze entrepreneurial activity, the productivity of any region ultimately brings us back to one factor: the universities in that place. That is where most ideas are developed that will later become long-term economic projects, and where future professionals grow and gain the training essential to launching their careers.
For these reasons, there are studies that specifically examine the number of entrepreneurs that graduate from each university. One example is the University Entrepreneurship report by CB Insights, which evaluates the six leading US universities for entrepreneurship in the US. But how can the success of these departments really be measured?
In its analysis, CB Insights focused on two main variables: the number of companies created by the students and the amount of investment their companies received.
In total, the universities have obtained $12.6 billion in funding for startups created within their walls. The most prolific was Stanford, “the obvious winner” according to experts. Stanford, located in Silicon Valley, is well known throughout the world for its various programs, as well as for the number of founders of great technology companies that it has graduated. Among many others, Larry Page and Sergey Brin stand out, the founders of Google.
Stanford was a fundamental part in the takeoff of the Silicon Valley in the late 1940s, and its teaching methods – and the success of its alumni – have been the subject of analysis on numerous occasions.
Harvard follows closely, although having one extra point: Facebook. If we exclude Mark Zuckerberg from the list of prodigy students, this university would lag behind its opponent.
UC Berkeley, also in the Silicon Valley area, and NYU follow next in the rankings.
A recent report by Pitchbook gives us insights into universities in Europe. The University of London is at the top of the list, having received more than $1 billion in private investments to fund 67 companies created between 2009 and 2014. Next on the list come Oxford and Manchester, with $535 and $397 million received, respectively.
With regards to Spain, we should note that there are no specific studies that analyze the entrepreneurial contribution of universities by country. However, it is remarkable that three Spanish business schools (IESE, IE Business School and ESADE) are among the world’s top 20 according to the prestigious Financial Times.
In a global world there are numerous sources of entrepreneurship, but there is no doubt that there are still certain places that attract those looking to create their new venture and succeed. And in this regard, universities are vital.