MassTech annual innovation report focused on special analysis of entrepreneurial ecosystems, 10 “Leading Technology States”
18 Jun 2020
The Massachusetts Technology Collaborative (MassTech) — the state agency responsible for strengthening the commonwealth’s position as a leading hub for innovation and entrepreneurship — recently released the 2019 edition of its annual report, The Index of the Massachusetts Innovation Economy, which includes an updated list of the 10 leading technology states and a detailed special analysis on entrepreneurial ecosystems. As a globally recognized center of science- and technology-based innovation, communities across the U.S. can learn from Massachusetts’ successes as well as from the challenges the state faces in further strengthening its entrepreneurship ecosystem.
MassTech’s innovation index is based on three primary pillars: (1) the strength of education systems, including K-12 and higher education; (2) the quality of regional research and development (R&D); and (3) the abundance of and access to capital. The report focuses on a detailed evaluation of Massachusetts’ performance in the elements that compose these three pillars of success as compared to the nine other leading states — California, Connecticut, Illinois, Minnesota, New York, North Carolina, Ohio, Pennsylvania, and Texas. While the report provides a thorough comparative economic analysis among the leading states — using metrics that will be familiar to economic developers and state innovation agencies — it also includes a unique, yet vital, element that is often overlooked: an analysis of the importance of supporting entrepreneurial ecosystems.