Entrepreneurship
An emphasis on entrepreneurship and research, coupled with the startup culture of the state, provides students with the ability to make their mark.
A Hotbed for Entrepreneurship
Massachusetts is a hotbed of entrepreneurial activity, from high-growth tech and life sciences to small businesses and student-run enterprises. In 2018, the Milken Institute rated Massachusetts number one in its State Technology and Science Index. The rating is based on a state’s science and technology capabilities and innovation commercialization that contribute to high-skills job creation and broad economic growth.
Massachusetts is home to nearly 150 of the 5,000 fastest-growing private companies in the country. On Inc. magazine’s annual "Inc. 5000 list" of 2018 are 25 Massachusetts startup companies, including Promoboxx, Skyword, Forward Financing, Allego, Invoice Cloud and Tripleseat.
Massachusetts ranked first in U.S. News & World Report's 2023 list of 10 Best States for Business, with a score of 3.94% for business creation and a patent creation rate of 1,248.02 per million people.
Supporting Innovation
²»Á¼Ñо¿Ëù supports innovation and entrepreneurship through a research-focused curriculum, commercialization of inventions, and Core Research Facilities located throughout the state.
From high-quality research projects being conducted every day on each campus, to the efficient process that allows those discoveries to be shared with the world through commercialization, ²»Á¼Ñо¿Ëù continues to fuel an innovation economy in Massachusetts.
Commercializing Discovery
The university’s is largely responsible for managing this commercialization of ²»Á¼Ñо¿Ëù research. Making its discoveries public helps maintain Massachusetts’ position as a leading developer of cutting-edge technologies. To help share ²»Á¼Ñо¿Ëù research with the world, OTCV forms new companies, creates licensing agreements with existing companies and makes strategic investments in technologies and companies.
In 2018, ²»Á¼Ñо¿Ëù ranked 37th globally in the Top 100 Worldwide Universities Granted U.S Patents. Faculty and researchers at ²»Á¼Ñо¿Ëù were awarded 58 patents, placing third in New England.
At ²»Á¼Ñо¿Ëù, we foster a culture of entrepreneurship and encourage students to pursue their passions. These three ²»Á¼Ñо¿Ëù Amherst graduates say ²»Á¼Ñо¿Ëù gave them the skills and support they needed to launch their lifestyle brand.