"2025 marks the beginning of a new cycle for HEC Paris with New Responsibilities: a strategy calling us to illuminate debate, inspire leaders, change destinies at scale, and become a school of practical solutions. Innovation and entrepreneurship are essential to delivering on this promise. Through the Innovation & Entrepreneurship Institute, one of Europe’s top four startup ecosystems, our community engages with the major economic, technological, and social challenges of our time, transforming ideas into impactful initiatives. As we broaden access to education, deepen interdisciplinary collaboration, and prepare the campus of the future, we reaffirm our mission to empower bold founders and responsible leaders. Our entrepreneurial spirit remains a powerful driver of transformation. By bridging research, market expertise, and entrepreneurial practice, we nurture the next generation of founders who not only create economic value but also strengthen cohesion in a fragmented society. As we publish this Activity Report, we do so together—with our students, faculty, entrepreneurs, staff, alumni, experts, and partners—continuing to build a school that not only understands the world, but helps change it."