Cornell is the fourth most entrepreneurial university in America, according to Forbes magazine’s Aug. 18 issue.
The ranking was based on the percentage of alumni and students who self-identify as founders or business owners on LinkedIn. Cornell has about 11,100 alumni and students who so identify themselves – just behind Stanford, MIT and Berkeley.
In a full-length feature, “Silicon Ivy: How Cornell Is Prepping Young Entrepreneurs,” the magazine notes that the Big Red is building Cornell Tech, a startup-focused, $2 billion graduate campus on Roosevelt Island in Manhattan that expects to generate 30,000 new jobs and some $23 billion in economic activity in the coming decades.
The article also cites the century-old Student Agencies, the country’s oldest independent student-run corporation, which employs more than 200 Cornellians each year; eLab, a student-business accelerator; PopShop, a free and open student-run entrepreneurial workspace that is going to be part of a larger expansion on campus and in Collegetown; and the soon-to-be-launched Rev, a partnership among Cornell, Ithaca College and Tompkins Cortland Community College that plans to spread Cornell’s startup vitality into the community.
Many of these efforts are part of the universitywide Entrepreneurship at Cornell program office, which has a $1 million annual operating budget.