eTower was founded in 2001 with the mission to bring together the best student entrepreneurs into one living community at Babson College, which is renowned as the #1 undergraduate school for entrepreneurship. Through its development eTower became a highly valued space on campus. Special guests and unique events attract students from all over to eTower's workspace. Many current and previous residents have started companies. The top 20 companies that have come out of eTower have collectively raised (as of September 2015) $182 million of funding and have been featured in Bloomberg Businessweek, Inc., Entrepreneur Magazine, Verge, TechCrunch, and other notable news sources.