The Rady School of Management at UC San Diego. Courtesy UCSD

The Rady School of Management announced Thursday its students have started 150 companies since the first MBA class graduated in 2006.

The school at UC San Diego said more than two thirds of those companies remain in San Diego and contribute over $2 billion annually to the economy.

“The Rady School’s approach is to support startups from ideation and development to the successful launch and growth of a company,” said Dean Robert S. Sullivan. “Fifteen percent of Rady MBA graduates are operating a successful startup company. That is a strong testament to the effectiveness of our MBA program and accelerators.”

Startup companies founded by Rady alumni are in industries ranging from biotech to technology, consumer products, medical devices, healthcare and consulting.

In the first half of 2017, Rady MBA startups raised over $75 million in financing, according to the school.

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Chris Jennewein

Chris Jennewein is Editor & Publisher of Times of San Diego.