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NEWS
2018 Most-Least Innovative States Report Released
March 22, 2018

Innovation is a principal driver of U.S. economic growth. Projected to spend an estimated $553 billion on research and development in 2018 — more than any other country in the world and over 25% of the world’s total — the U.S. ranks No. 4 on the Global Innovation Index. With knowledge and technology outputs shown as the nation’s particular strength, according to the results of the ranking, the personal-finance website WalletHub has announced the release of its report on 2018’s Most & Least Innovative States.

In order to give credit to the states that have contributed the most to America’s innovative success, WalletHub compared the 50 states and the District of Columbia across 22 key metrics. The data set ranges from share of Science, Technology, Engineering and Mathematics (STEM) professionals to Research and Development (R&D) spending per capita.

Innovation in Virginia (1=Most Innovative, 25=Avg.):
• 5th – Share of STEM Professionals;
• 1st – Projected STEM-Job Demand by 2020;
• 13th – Eighth-Grade Math & Science Performance;
• 7th – Share of Science & Engineering Graduates Aged 25+;
• 1st – Share of Technology Companies;
• 20th – R&D Spending per Capita; and
• 15th – Venture-Capital Funding per Capita.

To detailed information, visit the report website.


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