Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts United States. Founded in 1861, MIT adopted a European polytechnic university model and stressed laboratory instruction in applied science and engineering. MIT, with five schools and one college which contain a total of 32 departments, for its research and education in the physical sciences, engineering, and more recently in biology, economics, linguistics, and management as well. MIT is often cited as among the world's top universities.
Several major computer-related organizations have originated at MIT since the 1980s: Richard Stallman's GNU Project and the subsequent Free Software Foundation were founded in the mid-1980s at the AI Lab; the MIT Media Lab was founded in 1985 by Nicholas Negroponte and Jerome Wiesner to promote research into novel uses of computer technology; the World Wide Web Consortium standards organization was founded at the Laboratory for Computer Science in 1994 by Tim Berners-Lee;[69] the OpenCourseWare project has made course materials for over 2,000 MIT classes available online free of charge since 2002 and the One Laptop per Child initiative to expand computer education and connectivity to children worldwide was launched in 2005.
MIT is the second rated institution in Massachusetts. According to Forbes magazine MIT ranked as the #2 "Most Entrepreneurial University", based on the percentage of alumni and students self-identifying as founders or business owners on LinkedIn. Money magazine ranked MIT as #3 in the US "Best Colleges for Your Money", based on its assessment of "the most bang for your tuition buck", factoring in quality of education, affordability, and career outcomes in 2014. Above s rankings based on students' revealed preferences.
Massachusetts Institute of Technology