Top 20 Most Innovative States

By Bloomberg Rankings - 2013-12-19T02:42:33Z

Photograph by SIME/eStock Photo

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1. Washington

Washington ranked as the most innovative state, based on these factors:

STEM professionals as a percentage of state population:

2.82%

Science and tech degree holders as a percentage of state population:

9.51%

Utility patents granted as a percentage of U.S. total:

4.45%

State government R&D spending as a percentage of U.S. total:

1.75%

Gross state product per employed person:

$101,985

Three-year change in productivity:

4.96%

Public tech companies as a percentage of all public companies based in the state:

21.37%

Check out our data visualization of the most innovative states.

Click here for more Bloomberg Best (and Worst).

METHODOLOGY: Bloomberg ranked the U.S. states and the District of Columbia on innovation. Six factors were considered. States were ranked on a scale of zero to 100 in each, and received an overall score that was an average of the six. Because productivity consisted of two subfactors, each was weighted 50%. The factors:

1. Number of professionals in science, technology, engineering and mathematics as a percentage of the state's population

2. Science and technology degree holders as a percentage of the state's population

3. Utility patents (patents for inventions) granted by the state of origin as a percentage of the U.S. total

4. R&D intensity: State government research and development expenditure as a percentage of the U.S. total

5. Productivity: (1) Gross state product per employed person; and (2) three-year change in productivity

6. Public technology companies — in industries such as aerospace and defense, biotechnology, pharmaceuticals, renewable energy, technology — as a percentage of all public firms domiciled in the state. A dash indicates that there are no public technology companies in the state.

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