Here's how Utah earned its No. 1 ranking for innovation

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Here's how Utah earned its No. 1 ranking for innovation

//business-finance.news-articles.net/content/202 .. utah-earned-its-no-1-ranking-for-innovation.html

Published in Business and Finance on Monday, December 16th 2024 at 20:41 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

A new report from the U.'s Kem C. Gardner Policy Institute uncovers the wide-ranging drivers of Utah's high-performance innovation output.

Utah has been ranked as the No. 1 state for innovation in the U.S. by WalletHub, due to a combination of factors including a high concentration of STEM professionals, significant venture capital investment, and a robust entrepreneurial ecosystem. The state boasts the highest percentage of STEM professionals relative to its population, with tech giants like Adobe, Microsoft, and Oracle establishing a presence there. Additionally, Utah's innovation is supported by its educational institutions, with the University of Utah being a notable contributor through its research and startup incubation. The state also excels in patent activity, ranking high in both the number of patents per capita and the growth in patent applications. This environment fosters not only tech startups but also advancements in various industries, driven by a culture that encourages risk-taking and innovation.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/tech-companies/here-s-how-utah-earned-its-no-1-ranking-for-innovation/ar-AA1vYMBv ]

Publication Contributing Sources

MSN

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