Technology & Innovation

The Technology and Innovation section of this report identifies important indicators in technology and innovation-related occupations and industries, funding for clinical trials, venture capital investments, and academic research. Each of these indicators measures some aspect of technological development or innovation. These indicators can point to economic resilience and opportunity, as well as improved quality of life, if demonstrated as regional strengths.

Innovation in regional businesses, healthcare, and educational institutions is difficult to measure directly, however. Several datasets presented here are limited, and many innovations in processes or practices occur without being counted. Nonetheless, it is incumbent upon regional leaders to continue to promote a culture of innovation and creativity. Through entrepreneurship and creative thinking, new ideas can be introduced, applied to real-world problems, and brought into the global marketplace. Major areas of technology and innovation include research and development, scientific research, medical and pharmaceutical research, and information technology.