{"product_id":"from-the-basement-to-the-dome-isbn-9780262046152","title":"From the Basement to the Dome","description":"\u003cb\u003eHow a bottom-up problem-solving ethos, multidisciplinary approach, and experimental mindset has nurtured entrepreneurship at MIT.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eMIT is world-famous as a launching pad for entrepreneurs. MIT alumni have founded at least 30,000 active companies, employing an estimated 4.6 million people, with revenues of approximately $1.9 trillion. In the 2010s, twenty to thirty ventures were spun off each year to commercialize technologies developed in MIT labs (with intellectual property licensed by MIT to these companies); in the same decade, MIT graduates started an estimated 100 firms per year. How has MIT become such a hotbed of entrepreneurship? In \u003ci\u003eFrom the Basement to the Dome\u003c\/i\u003e, Jean-Jacques Degroof describes how MIT's problem-solving ethos, multidisciplinary approach, and experimental mindset nurture entrepreneurship. \u003cbr\u003e\u003cbr\u003e Degroof explains that, at first, the culture of entrepreneurship sprang from such extracurricular activities as forums, clubs, and competitions. Eventually, the Institute formally supported these activities, offering courses in entrepreneurship. Degroof describes why entrepreneurship is so uniquely aligned with MIT's culture: a history of bottom-up decision-making, a tradition of academic excellence, a keen interest in problem-solving, a belief in experimentation, and a tolerance for failure on the way to success. Entrepreneurship is the logical outcome of MIT's motto, \u003ci\u003eMens et Manus\u003c\/i\u003e (mind and hand) ), translating theories and scientific discoveries into products and businesses--many of which have the goal of solving some of the world's most pressing problems. Degroof maps MIT's current entrepreneurial ecosystem of students, faculty, and researchers; considers the effectiveness of teaching entrepreneurship; and outlines ways that the MIT story could inspire conversations in other institutions about promoting entrepreneurship.Introduction\u003cbr\u003ePart I History\u003cbr\u003e1 Building a Fertile Ground: 1861-1960s\u003cbr\u003e2 Early Efforts to Promote Entrepreneurship: 1970s to mid-1990s\u003cbr\u003e3 The Internet Era and the Growth of Interest in Entrepreneurship: Mid-1990s to mid-2000s\u003cbr\u003e4 From Incidental to Purposeful: mid-2000s to Late 2010s\u003cbr\u003ePart II Entrepreneurship and MIT's Culture\u003cbr\u003e5 Cultural Fit and the Growth of Entrepreneurship\u003cbr\u003e6 The Role of Serendipity\u003cbr\u003ePart III The Entrepreneurial Ecosystem at MIT in the Late 2010s\u003cbr\u003e7 Creating Entrepreneurs: Support for Student Entrepreneurship\u003cbr\u003e8 Entrepreneurship for Technology Transfer\u003cbr\u003ePart IV Impact and Implications\u003cbr\u003e9 The External Impact of MIT Entrepreneurship\u003cbr\u003e10 Educating Aspiring Entrepreneurs\u003cbr\u003e11 Lessons Learned\u003cbr\u003eEpilogue: MIT's Entrepreneurial Ecosystem Responds to COVID-19\u003cbr\u003eAppendix 1: Milestones in the Development of Entrepreneurship at MIT after World War II\u003cbr\u003eAppendix 2: List of initiatives supporting entrepreneurship (1946 - 2019)\u003cbr\u003eAcknowledgments\u003cbr\u003eNotes\u003cbr\u003eIndex“Degroof does an outstanding job describing how MIT’s culture of experimentation, problem-solving, and tolerance to failure has led to the creation of what is now a fertile ground for entrepreneurial ventures.”\u003cbr\u003e—\u003cb\u003eAdrian Garcia-Aranyos, President, Endeavor\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e“I have always been a huge fan of MIT entrepreneurship. Its impact has been profound. It is invaluable to have a rigorous and thoughtful longitudinal study of how this happened—and what others can learn from this grand experiment and experience. I highly recommend this book to all who want to understand entrepreneurship and innovation better.”\u003cbr\u003e—\u003cb\u003eTom Byers, Professor and Endowed Chair of Entrepreneurship, School of Engineering, Stanford University\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e“At the Kauffman Foundation, we are constantly looking at ways to increase the quality and quantity of entrepreneurship, especially for those who’ve been left behind. MIT has been the gold standard for entrepreneurship education. This valuable and well-researched book details its origins at MIT and how it has evolved over time. The lessons are clear and potentially transferable to help elevate the field at a time when we need it more than ever.”\u003cbr\u003e—\u003cb\u003eWendy Guillies, President and CEO, Ewing Marion Kauffman Foundation\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e“MIT has an illustrious history of innovation and entrepreneurship. Degroof distills  key learning points, and these practices can be adapted by other universities and organizations that aspire to be innovative and entrepreneurial.”\u003cbr\u003e—\u003cb\u003eMaw-Der Foo, Professor of Entrepreneurship, Nanyang Technological University, Singapore\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e“From my experience supporting entrepreneurial ecosystems at Harvard and Oxford, I have long admired MIT’s prowess. While some ask whether entrepreneurship can be taught, leaders seeking organizational change wonder,  ‘Can traditional institutions truly embrace entrepreneurship? How did MIT succeed?’ Jean-Jacques Degroof’s excellent history answers these questions and shows how MIT built a powerful engine for innovation and societal change.”\u003cbr\u003e—\u003cb\u003ePeter Tufano, Dean Emeritus, Saïd Business School, Oxford University,  and Emeritus Professor, Harvard Business School \u003c\/b\u003eJean-Jacques Degroof has worked in academia, financial services, and venture investment, working with technology start-ups in both the United States and Europe. He holds an MS and PhD from the MIT Sloan School of Management.","brand":"The MIT Press","offers":[{"title":"Default Title","offer_id":46303166333157,"sku":"NP9780262046152","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780262046152.jpg?v=1767727748","url":"https:\/\/k12savings.com\/products\/from-the-basement-to-the-dome-isbn-9780262046152","provider":"K12savings","version":"1.0","type":"link"}