The MIT Enterprise Forum was established to encourage learning and interaction among entrepreneurs associated with technologically-oriented companies. Founded in 1978, the MIT Enterprise Forum operates through a network of 25 chapters in the U.S. and overseas. Member chapters are formed around a core group of MIT graduates. Membership and program participation is open to all - non-MIT graduates, friends of MIT, local business executives and entrepreneurs. Each chapter is run by a volunteer board of experienced entrepreneurs, corporate executives, university professors and industry leaders.