BARCELONA, Spain, Feb. 8, 2024 /PRNewswire/ -- Companies founded by the IESE Business School community have created 102,800 jobs worldwide and raised $14.5 billion in capital, including 3 unicorns. These figures, which show how the school continues to expand its entrepreneurial ecosystem, come from the latest impact report from IESE's Entrepreneurship and Innovation Center.
The jobs have been created by entrepreneurs trained through IESE's programs or initiatives on five continents, and the capital raised comes from companies founded by IESE students or alumni. The report also concludes that 30 percent of IESE alumni start a company within five years of graduation. Not surprisingly, 1,400 IESE students are supported each year by the school's entrepreneurial ecosystem. The numbers in the report are based on an analysis of internal IESE data, complemented with external databases such as Crunchbase, Dealroom, PitchBook, and LinkedIn, among others.
Some data points of the impact report:
- 102,800 jobs created by IESE-trained entrepreneurs on 5 continents.
- 14.5 billion dollars in capital raised by companies founded by IESE students and alumni.
- 30% of IESE alumni start a company within 5 years of graduation.
- 71 million dollars invested in startups through mechanisms associated with IESE alumni.
Based on cutting-edge research and thought leadership
"Entrepreneurship is one of the streams of thought leadership that the school develops not only in academic journals but also in the media," says Prof. Gaizka Ormazabal, Associate Dean for Research and the PhD Program. Some of the results of this expertise include:
IESE was also the first European business school to teach entrepreneurship in its MBA program in 1974-1975. Since then, the school's entrepreneurship and innovation activity has grown in quality, quantity, connectedness and impact. Moreover, "the value of an entrepreneurial mindset is transmitted through all our programs and activities," notes Prof. Mª Julia Prats, IESE Academic Director of the Entrepreneurship and Innovation Center. Some highlights:
"Entrepreneurship needs more than academic knowledge to flourish," says Josemaria Siota, IESE Executive Director of the Entrepreneurship and Innovation Center. "This is why the school has developed an ecosystem to support our students, alumni, professors and society to build solutions for a better tomorrow." This includes the WeStart and WeGrow mentoring initiatives, Technology Transfer Group, International Search Funds Institute, Open Innovation Institute, Business Angels Network, and more.
UN Sustainable Development Goals
The report, in addition to measuring the impact of IESE's entrepreneurship activities, also tracks progress on its social goals, which are closely aligned with three of the UN Sustainable Development Goals:
Notes to editors:
(1) 102,800 jobs created by IESE-trained entrepreneurs in 5 continents: This encompasses 80,724 jobs by IESE-alumni founders, and 22,076 jobs by IESE-related founders. In the case of IESE-alumni founders, it only tracks around 6%, some of the largest, since 1998.
(2) $14.5 billion of capital raised by IESE alumni-founded companies: It only tracks around 6% of IESE-alumni startups, some of the largest, since 1998.
(3) 20 publications per year: This includes six refereed articles, two books, four studies and eight business cases, in coordination with the entrepreneurship faculty department. It excludes proceedings, non-refereed articles, book chapters and technical notes.
(4) 90 extracurricular events per year: This excludes classes, programs, and the alumni learning program.
SOURCE IESE Business School
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