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MIT & Industry – MIT Facts
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class="top-bar-right hide-for-xlarge"> <ul class="menu"> <li><button class="menu-icon" type="button" data-toggle="off-canvas" tabindex="0"> <span></span> <span></span> <span></span> <span></span> </button></li> </ul> </div> </div> </header> <!-- end .header --> <div class="content"> <span id="content"></span> <div class="inner-content grid-x"> <main class="main small-12 large-12 medium-12 cell"> <article id="post-321" class="narrow-wrap" class="post-321 page type-page status-publish hentry" role="article" itemscope itemtype="http://schema.org/WebPage"> <section class="entry-content narrow" itemprop="text"> <div class="panko mono"> <a href="https://facts.mit.edu/" rel="home">Home</a> / </div> <header class="article-header"> <h1 class="page-title">MIT & Industry</h1> </header> <!-- end article header --> <div class="pie-charts"> <p>Since its founding, MIT has encouraged researchers to work collaboratively across departments, fields, and institutional boundaries to solve problems. This has led to thousands of fruitful <a href="https://ilp.mit.edu">partnerships with industry</a> and other leading research institutions.</p> <div id="grid-repeaterblock_467612bc1dad82114863b6961f3fe250" class="facts-entries listed"> <ul class="facts-rpt-list"> <li class="list-rpt-item"> <span class="factlist-left"><p>$40.2 million</p> </span> <span class="factlist-right"><p>Total licensing revenue received</p> </span> </li> <li class="list-rpt-item"> <span class="factlist-left"><p>593</p> </span> <span class="factlist-right"><p>Invention disclosures (including 80 from Lincoln Laboratory)</p> </span> </li> <li class="list-rpt-item"> <span class="factlist-left"><p>592</p> </span> <span class="factlist-right"><p>New US patents filed</p> </span> </li> <li class="list-rpt-item"> <span class="factlist-left"><p>362</p> </span> <span class="factlist-right"><p>US patents issued</p> </span> </li> <li class="list-rpt-item"> <span class="factlist-left"><p>92</p> </span> <span class="factlist-right"><p>License agreements executed</p> </span> </li> <li class="list-rpt-item"> <span class="factlist-left"><p>23</p> </span> <span class="factlist-right"><p>Companies formed using MIT intellectual property</p> </span> </li> </ul><!-- END .facts-rpt-list--> </div> <p>Approximately 700 companies work with faculty and students in Institute-wide programs such as MIT Corporate Relations’ <a href="https://ilp.mit.edu/">Industrial Liaison Program</a> (the most inclusive and continuous conduit between corporations and MIT) and <a href="https://startupexchange.mit.edu/">MIT Startup Exchange</a> (which promotes collaboration and partnerships between MIT-connected startups and industry), as well as in many other collaborations.</p> <p>Research sponsored directly by industry totaled $176 million in fiscal year 2023, or 21% of total MIT research expenditures. According to the National Science Foundation, MIT consistently ranks first in industry-financed research and development expenditures among universities and colleges without a medical school.</p> <div id="mit-promo-blockblock_d03d1d60ca48ad8371fc92d24203d754" class="promo-block wide"> <div class="promo-solo" style="background-color:#ff7443;color:#000;"> <div class="promo-link"><a aria-hidden="true" href="/research-highlights/" target="_self"></a></div> <h2><a style="color:#000;" href="/research-highlights/" target="_self">Research</a></h2> <ul> <li>65+ research centers, labs, and programs</li> <li>~700 companies collaborating on faculty and student research</li> </ul> <div class="promo-icon" style="background-image: url(https://facts.mit.edu/wp-content/uploads/2020/11/MIT-Facts_icons_research_black.svg);"></div> </div> </div> <p>The <a href="https://tlo.mit.edu/">Technology Licensing Office (TLO)</a> collaborates with faculty, researchers, and entrepreneurs in academia and industry. TLO鈥檚 mission aligns with MIT鈥檚 goal of building a better world through education, research, and innovation. By protecting and commercializing groundbreaking technologies in areas focusing on climate crisis, manufacturing, healthcare, secure communication, and beyond, the TLO plays a critical role in MIT鈥檚 broader efforts. </p> <p>MIT鈥檚 strong corporate connection also is reflected in its extensive business-oriented curricula, such as the <a href="https://lgo.mit.edu/">Leaders for Global Operations</a> program, <a href="https://sdm.mit.edu/">System Design and Management</a> program, <a href="https://mitsloan.mit.edu/fellows/">Sloan Fellows Program in Innovation and Global Leadership</a>, <a href="https://scm.mit.edu/">Supply Chain Management</a> program, and other degree programs that offer an industry internship component.</p> <p><a href="https://exec.mit.edu/s/">MIT Sloan Executive Education</a> offers custom programs for organizations, executive certificates, and more than 90 online and in-person short courses for individuals. Led by MIT Sloan faculty, executive programs provide business professionals with a targeted and flexible means to advance their career goals and position their organizations for future growth.</p> <p><a href="https://professional.mit.edu/">MIT Professional Education</a> provides technology and engineering education for working professionals pursuing career advancement and for organizations seeking to meet modern-day challenges. Programs are offered through a variety of approaches to meet the needs of today鈥檚 learners.</p> </div> </section> <!-- end article section --> </article> <!-- end article --> </main> <!-- end #main --> </div> <!-- end #inner-content --> </div> <!-- end #content --> <footer class="footer" role="contentinfo"> <a href="#" class="the-up-button hide easing" data-smooth-scroll><div class="up-bg"></div></a> <div class="inner-footer grid-x"> <div class="small-12 medium-12 large-6 cell footer-left"> <div class="purple-logo"> <a role="button" tabindex="0" href="https://web.mit.edu/" target="_blank"> <div class="logo" style="background-image: url(https://facts.mit.edu/wp-content/uploads/2023/07/mit_logo_std_rgb_black-trimmed.svg);"></div> <div class="hover" style="background-image: url(https://facts.mit.edu/wp-content/uploads/2023/07/mit_logo_std_rgb_black-trimmed.svg);"></div> </a> </div> <div class="footer-address">Massachusetts Institute of Technology<br /> 77 Massachusetts Avenue, Cambridge, MA</div> </div> <div class="small-12 medium-12 large-6 cell"> <nav role="navigation"> <ul id="footer-links" class="menu"><li id="menu-item-279" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-279"><a target="_blank" href="https://whereis.mit.edu/">Campus Map</a></li> <li id="menu-item-147" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-147"><a href="https://facts.mit.edu/previous-editions/">Previous Editions</a></li> <li id="menu-item-162" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-162"><a href="https://facts.mit.edu/about-mit-facts/">About MIT Facts</a></li> <li id="menu-item-280" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-280"><a target="_blank" href="https://mit.edu/accessibility">Accessibility</a></li> </ul> </nav> </div> </div> <!-- end #inner-footer --> </footer> <!-- end .footer --> </div> <!-- end .off-canvas-content --> </div> <!-- end .off-canvas-wrapper --> <link rel='stylesheet' id='block-acf-repeat-grid-css' href='https://facts.mit.edu/wp-content/themes/MITFacts2020/parts/blocks/repeat-grid/repeat-grid.css?ver=6.3.11' type='text/css' media='all' /> <link rel='stylesheet' id='block-acf-offset-css' href='https://facts.mit.edu/wp-content/themes/MITFacts2020/parts/blocks/offset-promo/offset-promo.css?ver=6.3.11' type='text/css' media='all' /> <script type="text/javascript" src="https://facts.mit.edu/wp-content/themes/MITFacts2020/assets/scripts/scripts.js?ver=1646322984" id="site-js-js"></script> </body> </html> <!-- end page -->