MIT, Berkeley and Harvard too in list.
Universities play a vital role in inculcating the culture of entrepreneurship. They help in developing innovative ideas that are converted into successful startups. Technology website Tech Crunch has come up with a report on American universities that have successfully produced a high number of startup founders.
According to the report, Stanford has produced the most number of funded startups in a year. More than 225 startups from Stanford have got funding this year itself.
Massachusetts Institute of Technology (MIT) ranked second with 145 startups. MIT is followed by University of California, Berkeley, and Harvard.
Stanford University remained top in the list of universities with startups which secured at least $10 million since 2012. Stanford has 420 companies that had university-affiliated founders followed by MIT with 269, Harvard, with 251 and University of California, Berkeley with 239.
But, there was no pattern when the university affiliation for founders of private companies that has raised the most capital was studied.
The founder-CEOs of the most five valuable private U.S. venture-backed companies, Uber, Airbnb, Palantir, Snapchat, and WeWork, attended, respectively, UCLA, Rhode Island School of Design, Stanford, Stanford, and Baruch College.
According to the study, these institutions shared some common qualities such as prestige, large STEM programs, research prowess and proximity to concentrations of investor capital.