The Massachusetts Institute of Technology (MIT) is a private research university located in Cambridge, Massachusetts, United States.
Founded in 1861 in response to the increasing industrialization of the United States, the institute used a polytechnic university model and stressed laboratory instruction. MIT’s early emphasis on applied technology at the undergraduate and graduate levels led to close cooperation with industry. The university puts a strong emphasis on scientific, engineering, and technological education and research but it also expanded into fields such as biology, economics, linguistics, and management.
78 Nobel laureates, 52 National Medal of Science recipients, 45 Rhodes Scholars, and 38 MacArthur Fellows are currently or have previously been affiliated with the university. MIT has a strong entrepreneurial culture. The aggregated revenues of companies founded by MIT alumni would rank as the eleventh-largest economy in the world.