This year’s Index of the Massachusetts Innovation Economy was released today, and in it the John Adams Innovation Institute for the first time compares the Bay State not only with other innovating states in the U.S., but with other countries. The result? Massachusetts leads the nation and the globe in patents per capita.
Massachusetts also sits in the top seat among all states and the leading R&D countries for the amount of research and development done as a percent of its gross domestic product, according to the institute, which is part of the Massachusetts Technology Collaborative. As it has for years, Massachusetts also ranks No. 1 in Small Business Innovation Research awards per capita, receiving $227 million in federal SBIR funds for proof-of-concept research and prototype development.
When it comes to fundraising, Massachusetts is holding its own against the rest of the nation. The Index shows that, while the rest of the country saw a 57 percent drop in the dollar amount raised by venture funds, Massachusetts companies saw only a 35 percent drop in the amount of funds distributed to them by VCs.
To read the full, original article click on this link: The Innovation Index touts Mass. as global R&D leader - Mass High Tech Business News
Author: Mass High Tech staff
