It's no secret that Stanford is an innovation hub, especially in the technology sphere. A quick search through the USPTO database reveals that Stanford holds at least 2,640 patents - and that's not including the patents that have expired. From last year alone, Stanford received over $76.7 million in gross royalty revenue with five of these inventions earning $1 million. Cumulatively, since 1970, Stanford has gained over $1.4 billion in royalty income.
A recent study estimates that companies formed by Stanford entrepreneurs generate revenues of $2.7 trillion annually and have created 39,900 companies and 5.4 million jobs since the 1930s. If gathered collectively into a hypothetical independent nation, these companies would constitute the world's 10th largest economy. In addition to the businesses, Stanford alumni and faculty have also founded over 30,000 non-profit organizations.
A recent study estimates that companies formed by Stanford entrepreneurs generate revenues of $2.7 trillion annually and have created 39,900 companies and 5.4 million jobs since the 1930s. If gathered collectively into a hypothetical independent nation, these companies would constitute the world's 10th largest economy. In addition to the businesses, Stanford alumni and faculty have also founded over 30,000 non-profit organizations.
