Located in Stanford, California, Stanford University is generally regarded as a prestigious academic institution. The undergraduate school was ranked fifth in the 2014 "U.S. News & World Report" top undergraduate college rankings. While it has several accomplished programs, the university's own website states: "Stanford is known for its entrepreneurial character."
Business is one of the seven schools of study at Stanford. The university's Graduate School of Business was ranked No. 1 by "U.S. News & World Report" among top graduate business colleges. In addition to its business prowess, Stanford boasts impressive programs in social sciences, engineering and sciences. The school is also known for its diverse study body and innovative research in business and technology. According to its website, the school took in $87 million in the 2012-2013 school year from 622 technology licenses. The school also estimated that its graduates initiated around 39,900 businesses since the 1930s.