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Metrics for Washington State
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Washington has clearly done well as a location for innovation. The question is, though, does the state have the capacity to continue to attract, retain and launch innovative businesses? The world is full of struggling regions that were once hotbeds of innovation, so simply relying on past performance is inadequate. We need to examine the leading indicators of innovation to see if we have the pieces to grow innovation ecosystems.
To better understand where Washington currently stands with respect to its competitors, the Commission asked the Washington Technology Center to conduct a benchmarking review, comparing Washington to other states and other parts of the world. The Center’s consultants built the benchmarking process around three general groupings: innovation, vitality and socio-ecology. Each of these general contexts contains a set of indicators as follows:
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