INNOVATION

Innovation Index: R.I. makes advancements but still needs work

RHODE ISLAND's knowledge-based economy has made some strides in the past year but still needs work, according to the 2012 R.I. Innovation Index.
Posted 11/1/12

The state has made some significant improvements in advancing its knowledge-based economy but there are still lacking areas with room for improvement, according to the 2012 Rhode Island Innovation Index, released Thursday.

According to this year’s benchmarking report, areas of strength in the Ocean State include not-for-profit research and development performance, academic research and development performance, federal R&D performance, venture capital investments and higher education attainment.

Alternatively, the report also identified areas of concern including state appropriations for higher education, math scores at the eighth grade level, industry R&D, net migration of the working age population, entrepreneurial climate, gross state product and the employment in science and technology industries and their occupations.

The index evaluated the state’s performance in 23 different categories using several different indicators, including topics ranging from access to high speed internet, to the number of patents that have been issued. Data was compared to national figures as well as New England and the 27 Experimental Program to Stimulate Competitive Research (EPSCoR) states.

The figures were prepared by the Greater Providence Chamber of Commerce and the R.I. Science & Technology Advisory Council and released at the Rhode Island Knowledge Economy Forum, which hosted by the chamber and the Innovation Providence Implementation Council.

According to the chamber, the building of a knowledge-based economy has drawn the input of more than 500 leaders over the last four years, when the initiative started. Those efforts have included entrepreneurs, representatives of higher education, business leaders and representatives of both the public and private sector.

Calendar
PBN Hosted
Events

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement