Virginia’s Innovation Dashboard
Tracking Virginia's Innovation Economy
Welcome to the Commonwealth Innovation and Entrepreneurship Measurement System (IEMS), a web-based portal that uses key metrics and outcomes to track the performance of Virginia’s innovation economy. Innovation is widely recognized as the premier path to economic expansion both domestically and globally – and it is clear that the drivers of innovation in our domestic economy are entrepreneurs of emerging, high-growth technology companies. According to the Kauffman Foundation, a leader in advancing innovation and entrepreneurship: “Entrepreneurs who launch new businesses are the driving force behind a vibrant society when they create new jobs, renew the economy and expand human welfare.” (Kauffman, http://www.kauffman.org/key-issues/job-creation-and-the-economy).
The IEMS was established by the Virginia General Assembly to further the work of the Commonwealth Research and Technology Strategic Roadmap, which links funding for research commercialization projects to Virginia's strategic technology priorities. It creates a dashboard and strategic path to new opportunities in the innovation economy using key indicators that can assist lawmakers, industry leaders and other stakeholders with determining public-private investment priorities and policies. Information about the latest indicators, including benchmark states and Virginia’s regions, is available here. The original IEMS indicators, announced in January 2014, are available here. A comprehensive review of indicators announced during the 2015 update is available here.
CIT acknowledges the important contribution of The Center for Economic and Policy Studies in the Weldon Cooper Center for Public Service (WCC) in preparing this FY2016 IEMS update. The WCC is part of the University of Virginia.
Click on category headings and individual performance metrics below to learn more about Virginia’s I&E metrics and outcomes
View a one-page version of the Innovation Dashboard: PDF
View the IEMS in a comprehensive document that includes all category headings and individual performance metrics: PDF
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