200 Index

Dear Colleague,

“The Index underscores the resilience of the Massachusetts Innovation Economy during one of the harshest economic climates in our nation’s history. The Commonwealth’s extraordinary strengths in research and innovation are a tremendous asset for the state and critical to our continued prosperity and job growth.”
Governor Deval Patrick

Despite the global economic recession, Massachusetts remains one of the world’s leaders in research and innovation (R&I) according to the Index of the Massachusetts Innovation Economy, released today by the Massachusetts Technology Collaborative (MTC). The Index, published annually since 1997, examines the performance of the Commonwealth’s R&I enterprise and analyzes key trends affecting the impact of the state’s innovation-driven economy. We invite you to download a copy of the Index here.

The Index is prepared every year by the research and analysis team of the John Adams Innovation Institute, the economic development division of MTC, with guidance from the Innovation Index Advisory Committee. This Advisory Committee, which includes leading academic, policy, and business experts in the Commonwealth, is chaired by Patricia Flynn, Trustee Professor of Economics & Management at Bentley University.

The Index analyzes 11 key industries and 25 economic indicators to benchmark Massachusetts against nine leading technology states – California, Connecticut, Illinois, Maryland, Minnesota, New Jersey, New York, Pennsylvania, and Virginia. This latest edition also includes international comparisons within several performance indicators. Compared to these states and to innovation hubs internationally, Massachusetts excels in several measures. For example:

  • Massachusetts is among the most R&D intensive economies in the world. The Commonwealth ranks #1 among all leading technology states and top international performers in the amount of R&D performed as a percent of its gross domestic product.
  • At more than double the US average, Massachusetts ranks #1 in patents per 10,000 residents nationally and internationally.
  • Massachusetts continues to rank #1 in Small Business Innovation Research awards per capita, receiving $227 million of these federal monies to support proof-of-concept and prototype development activities in the Commonwealth.

With its international comparisons and a special analysis section on Massachusetts in the Global Economy, the Index takes steps to understand better the Commonwealth’s standing in the global economy. To reflect on this subject, the Index features contributions from Michael Greeley, General Partner at Flybridge Capital Partners; Pascal Marmier, Director/Consul of swissnex Boston, Consulate of Switzerland; David Meeker, Executive Vice President and Chief Operating Officer of the Genzyme Corporation; Harry West, CEO of Continuum; and Bernd Widdig, Director of the Office of International Programs at Boston College. Taken together, the commentators suggest that a vibrant innovation ecosystem is one of the Commonwealth’s greatest assets in the global economy.

We appreciate your continued interest in the Innovation Economy.

Sincerely,
Mitchell Adams
Executive Director
MTC
Pat Larkin
Director
John Adams Innovation Institute


 

 

 


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