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Science and Engineering Indicators 2004
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Chapter 8:
Secondary Education
Higher Education
Financial Research and Development Inputs
R&D Outputs
Science and Technology in the Economy



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State Indicators

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Science and Technology Outputs

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Quartiles | Findings | Description

Venture capital disbursed per $1,000 of gross state product: 2001 Puerto Rico: $NA District of Columbia: $3.13 Maryland: $4.89 Delaware: $4.10 New Hampshire: $5.44 Massachusetts: $17.07 New Jersey: $4.06 Alaska: $0.00 Alabama: $0.71 Arizona: $1.66 Arkansas: $0.15 California: $12.22 Colorado: $7.98 Connecticut: $3.47 Florida: $1.96 Georgia: $3.05 Idaho: $0.17 Illinois: $1.89 Indiana: $0.28 Iowa: $0.07 Kansas: $0.47 Kentucky: $0.24 Louisiana: $0.51 Maine: $0.95 Michigan: $0.32 Minnesota: $2.89 Mississippi: $0.60 Missouri: $2.04 Montana: $1.10 Nebraska: $0.30 Nevada: $0.38 New Mexico: $0.17 New York: $2.64 North Carolina: $2.30 North Dakota: $0.08 Ohio: $0.63 Oklahoma: $0.26 Oregon: $1.86 Pennsylvania: $2.22 Rhode Island: $1.68 South Carolina: $0.23 South Dakota: $0.02 Tennessee: $0.59 Hawaii: $0.87 Texas: $4.33 Utah: $3.17 Vermont: $0.61 Virginia: $3.54 Washington: $4.71 West Virginia: $0.04 Wisconsin: $0.53 Wyoming: $0.17

Quartiles top

Quartile groups for venture capital disbursed per $1,000 of GSP: 2001*
1st Quartile 2nd Quartile 3rd Quartile 4th Quartile
($17.07 - $3.13) ($3.05 - $0.95) ($0.87 - $0.28) ($0.26 - $0.00)
California Arizona Alabama Alaska
Colorado Florida Hawaii Arkansas
Connecticut Georgia Indiana Idaho
Delaware Illinois Kansas Iowa
District of Columbia Maine Louisiana Kentucky
Maryland Minnesota Michigan New Mexico
Massachusetts Missouri Mississippi North Dakota
New Hampshire Montana Nebraska Oklahoma
New Jersey New York Nevada South Carolina
Texas North Carolina Ohio South Dakota
Utah Oregon Tennessee West Virginia
Virginia Pennsylvania Vermont Wyoming
Washington Rhode Island Wisconsin  
*States in alphabetical order, not data order.

SOURCES: PricewaterhouseCoopers, Thomson Venture Economics, and National Venture Capital Association MoneyTree Survey; U.S. Department of Commerce, Bureau of Economic Analysis, Gross State Product data; and Government of Puerto Rico. See table 8-24.

Findings top

  • The amount of venture capital invested in the United States increased more than 10-fold, from nearly $8 billion in 1995 to a record $106 billion in 2000, before falling to $41 billion in 2001. (By 2002, it declined to $21 billion.)

  •  In 2001, the state average for venture capital disbursed per $1,000 GSP was $4.06, up from $1.05 in 1995.

  •  At the state level in 2001, this value ranged from a high of $17.07 per $1,000 GSP to no venture capital investment.

  •  The state distribution of venture capital was similar to that for the high-technology indicators.

Description top

Venture capital represents an important source of funding for startup companies. This indicator was designed to show the relative magnitude of venture capital investments in a state after adjusting for the size of the state's economy. The indicator is expressed as dollars of venture capital disbursed per $1,000 gross state product (GSP).

Data for this indicator were calculated for 1995, 1998, and 2001. Although venture capital data are available for 2002, GSP values have not been released.


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