#4229 Meta Stanford Business Startup Incubator
#4229 Meta Stanford Business Startup Incubator #4229 Describe how Stanford University has incubated many internet businesses Stanford University’s role in incubating internet businesses is often described as the primary engine behind Silicon Valley. Rather than acting as a traditional ivory tower, Stanford has historically functioned as a "knowledge factory" that actively pushes technology out of the lab and into the marketplace. The university’s impact is staggering: a 2011 study estimated that Stanford alumni have founded nearly 40,000 active companies , which collectively generate annual world revenues of roughly $2.7 trillion —an amount comparable to the GDP of the world’s 10th largest economy. 1. The "Terman" Model of Industry-Academia Symbiosis The blueprint for Stanford’s success was created by Frederick Terman , the Dean of Engineering and later Provost (1940s–1950s). Known as the "Father of Silicon Valley," Terman rejected the idea that academi...