London/Mumbai: Indian Institutes of Technology (IITs), India’s premier technology institutes, has brought many laurels by enlisting their names in global start-up map. Now, IITs added a new feature in their cap as they achieved fourth rank in the global list of universities that have produced the most unicorn start-up founders. The most popular universities that produced the unicorn founders list and research report was released by Sage, a UK-based accounting and payroll company.
USA based Stanford University stood at the top with 51 unicorn founders, followed by Harvard University with 37. The University of California emerged third with 18 unicorn founders while IIT found fourth with 12 founders. Massachusetts Institute of Technology (MIT) grabbed fifth spot with 9 founders. US universities represent 9 of the top 15 most popular universities amongst unicorn founders.
A unicorn company is defined as a private start-up worth in excess of $1billion. The entrepreneurship culture and start-up climate in the IITs has been generating benefits and strengthening their reputation.
The research report of Sage also mentioned the countries that are home to highest number of unicorn start-ups. The USA tops with 144 unicorns, followed by China with 47, and India with 10. Hence, India with 10 unicorn start-ups, is the third largest in the global unicorn map. The UK leads the basket in Europe with 9 unicorns, followed by Germany with 6.
In city wise, California has the most unicorns, followed by New York and Beijing. London is the city with the highest number of unicorns in Europe, followed by Berlin, and Stockholm. Sector wise, Consumer Internet tops the table, followed by Software, and E-Commerce.
The most popular global universities in producing unicorn founders (as per Sage report)
University of California
Indian Institutes of Technology
Massachusetts Institute of Technology
University of Pennsylvania
University of Oxford
Tel Aviv University
University of Southern California
University of Waterloo
University of Michigan
Brigham Young University
India’ Unicorns List