Almost one in five alumni from the University of Michigan, Michigan State University or Wayne State University has started a business, and as a group the alumni are about 1.5 times as successful as the average business owner with those companies after five years, according to a new study by East Lansing-based Anderson Economic Group.
The “Embracing Entrepreneurship” report, prepared by Anderson for the University Research Corridor using data collected by Survey Sciences Group LLC from more than 40,000 alumni of the three schools, found about 19 percent have started a company, and some have created more than one.
