Key Metrics of Illinois Innovation Economy Point to Improved Economic Growth

October 03, 2012

A culmination of twelve months of data measuring the Illinois innovation economy finds improved economic growth in four sectors: dynamism, capital, talent, and business climate. Positive indicators include record growth in university startups and a significant increase in invention disclosures and patents awarded to Illinois universities. Additionally, venture capital funding reached a ten-year high of $1.4 billion in 2012. The state also recognizes room for improvement, including increasing the number of STEM degrees awarded to Illinois graduates and better aligning workforce skills with labor market demands. The report and accompanying video will be unveiled today at: http://www.illinoisinnovation.com/innovationindex/.

Illinoisinnovation index