The Rady School of Management at UC San Diego Boasts 115 Startup Companies
School's Proprietary Lab to Market Curriculum and Accelerator Programs Credited with Success
San Diego is recognized as one of the best cities for startups in the U.S., and leading the way in this flourishing innovation economy are the students and alumni of the Rady School of Management at UC San Diego. Since the first MBA class graduated from the school in 2006, 115 operational companies have been founded, with 75% of those companies remaining in San Diego.
The companies reflect the growing industries in San Diego as well as the background of their founders. A large portion of the companies are in the biotech and consumer products industries along with a significant number in technology, medical device, health, consumer service, clean tech and software.
“The Rady School MBA program is fulfilling the vision that many of our local leaders held nearly 15 years ago, as evidenced by the founding of 115 operational companies by our students and alumni,” said Rady School Dean Robert S. Sullivan. “It is remarkable to see the school, its students and graduates become an engine for growth in San Diego and beyond.”
A recent survey of students and alumni conducted by the Rady School also revealed that while their startup business are small, they are growing. Of those who secured angel or venture capital funding, the average money raised by their companies is over $2.3 million, with 83% of those companies under $1 million in revenue. In addition, 77% of the companies employ up to 10 employees, 57% rent or own office space and 70% of the companies expect to grow in the next three years.
The survey also revealed the impact the Rady MBA program, including the Lab to Market core curriculum, has had on launching their businesses. Prior to enrolling in the Rady MBA program, only 5% of the students had launched a business. While at the school, 38% launched their business and 67% launched a startup after graduating from Rady.
In fall 2013, the Rady School launched the StartR Accelerator to further assist Rady students and alumni in the development, funding and launch of their startup. Twice a year six teams are accepted into the program, which includes workshops, mentoring advice and access to other resources for early-stage companies. To date, StartR has graduated 27 companies into the innovation economy.