The best replacement for mit is caltech.

The best alternatives to mit are rated as following:
★★★★★  caltech
★★★★★  stanford
★★★★  harvard
★★★  princeton
★  berkeley
★  yale
★  georgia tech
★  gpl
★  bsd
★  columbia
★  iit
★  apache license
★  cornell
★  cit
  cmu
  bsd license
  uchicago
  cambridge
  stanford engineering
  rpi
  harvard engineering
  mit
  mitt
  carnegie mellon
  audioquest
  university of chicago
  rensselaer
  itt
  imperial college

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Google Trends

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mit
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