Do Great Engineering Schools Beget Entrepreneurism? by Brent Edwards provides two great links.
How to Kick Silicon Valley’s Butt by Guy Kawasaki:
If I had to point to the single biggest reason for Silicon Valley’s existence, it would be Stanford University—specifically, the School of Engineering. Business schools are not of primary importance because MBAs seldom sit around discussing how to change the world with great products.
Why Startups Condense in America:
Both essays make many excellent points – read them! They both realize there is no magic bullet. Many factors will determine how successfully an economy can create powerful economic gains. Both focus on the importance of world class engineering education to create something to rival silicon valley. Many countries are investing heavily in science and engineering education in order to secure the long term economic benefits that such investment will lead to.
Few can hope to create a silicon valley. But even if the goal is just to gain economic advantage from their heavy investments in engineering education they would be wise to take heed of the ideas presented by both authors.
More than just graduating more and more engineers is required to gain powerful economic advantages. That is a good first step but today China, India, Korea, Germany, Japan, United Kingdom… should be looking at other things the USA has done right (in addition to investing in engineering education).
The factors in addition to great schools are just as important now as trying to create engineering programs that can compare to Standford, MIT, Purdue, Carnegie Mellon, Berkley, Illinois… That still should be a focus but the progress in that area has been significant now is the time to look to additional areas while continuing to work on improving the schools themselves. And the USA should try to add to the advantages that they have and try to extend the success of places like MIT and Standford to more schools (as many people are trying to do).

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Useful insights…it sounds absurd that one university can a silicon valley make, but well it is difficult to deny the enormous influence Stanford University (OK, ok, their engineering branch) plays in the shaping of silicon valley
Thanks again for a good article and those two useful quotes – those of Paul Graham and Guy!
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strongly agree with the economic benefits from strong science
engineering improves technology –> productivity increase –> output increase with lesser input –> things become cheaper –> low inflation –> low interest rate –> boost economy.
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I agree. I attended both an engineering program and an MBA and the latter was a waste as an entrepreneur. Engineers are actually more successful entrepreneurs because they are encouraged to create change while MBAs have people maintain the status quo. Of course, MBAs tell you the importance of being original and creating change, but actively discourage it in practice.
Advances in Science and technology are important but what is more important are the people who turn the raw data of scientific research into actual services or products. There are so many innovative opportunities out there that haven’t even been tapped into. I am further reminded of Peter Drucker when he analyzed the different types of innovative opportunities and found that scientific was the most risky and had the longest lag time from conception to market ready.
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Fascinating reading but surely there’s no real doubt that engineering schools lead to entrepreneurial activity. The example of Cambridge in England is given as a great university outside of America and sure enough the area around Cambridge is a hot bed of startups. It’ll be interesting to see what happens in the coming years around Chinese universities.
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