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Innovative Capacity A region’s capacity to support creation of new knowledge to generate new ideas, products and processes

Why is Raleigh’s index so high?

380

The Raleigh area’s Research Triangle Park has been in existence for decades and has served as a model for research parks in other areas. Drawing on the brainpower of 3 highlyrated universities, it’s been a catalyst for economic growth.

What are SBIR and STTR awards?

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are two of the largest sources of early-stage capital for technology commercialization in the United States. They allow USowned and operated small businesses to engage in federal research and development that has a strong potential for commercialization. SBIR awards can be awarded directly to small businesses, while STTR awards require formal collaboration with a research institution.

183

Innovation Awards: SBIR and STTR Awards per 100,000 residents

=

Intellectual Property Creation: Utility patents per 10,000 workers

+

Research & Development: University and college R&D expenditures per 1,000 people

Academic Achievement: Percent of population aged 25 years and older holding a graduate degree

+

Research & Development Funding: Amount awarded from all sources per 1,000 people

Change in Index Value

157

100

No change from 2014 to 2017

75

U.S. Avg.

63 39

46

Augusta

Greensboro

8

The Indicators

72

81

85

88

70

74 72

72

65 60

WinstonSalem

Columbia Charleston

2017 Midlands Regional Competitiveness Report

Greenville

Knoxville

Tallahassee

Lexington (KY)

Raleigh

55

62 2014

2015

2016

2017

2017 Midlands Regional Competitiveness Report  

It’s tough to define success when you’re not able to measure what it looks like. Since 2014, EngenuitySC has published the Midlands Regional...

2017 Midlands Regional Competitiveness Report  

It’s tough to define success when you’re not able to measure what it looks like. Since 2014, EngenuitySC has published the Midlands Regional...