So, for example, economic dynamics play an important “input” role in innovation. The term “economic dynamics” captures a variety of indicators: venture capital, broadband penetration, investments in R&D, and business formation. The index enables one to explore each of these variables in depth and download detailed data by simply clicking the drill-down feature. Human capital is also a vital input to innovation. Therefore, the index provides different perspectives to evaluate a region’s human capital. In addition, this tool includes state-level indicators—total R&D spending and science and technology graduates—that can help evaluate the strength of a state’s investments to support.
