State Technology and Science Index | Risk Capital and Entrepreneurial Infrastructure Composite Index

Sub-Indexes

Risk Capital and Entrepreneurial Infrastructure (RCI)

States entrepreneurial capacity and risk capital infrastructure are ingredients that determine their success in converting research into commercially viable technology services and products. We include measures of venture capital as well as entrepreneurial activity such as patents, business formation, and initial public offerings.

2022

State	Rank	Score
Delaware	1	87.45
California	2	82.36
Utah	3	79.27
Massachusetts	4	78.91
Nevada	5	73.27
Colorado	6	71.64
North Carolina	7	70.55
Washington	8	69.27
Connecticut	9	69.09
New Jersey	10	64.73
Texas	11	63.45
New York	12	62.73
Florida	13	62.18
Arizona	14	61.09
Illinois	15	60.00
Pennsylvania	16	58.18
Minnesota	17	57.27
Idaho	18	56.91
Virginia	19	56.00
Nebraska	20	55.45
Georgia	21	55.09
Oregon	22	54.18
Wyoming	23	53.45
New Hampshire	24	52.18
Montana	25	52.00
Maryland	26	51.27
Missouri	27	49.64
Ohio	28	48.18
Rhode Island	29	46.91
South Dakota	29	46.91
Tennessee	31	45.64
Vermont	32	45.27
Wisconsin	33	44.55
Kentucky	34	43.09
Iowa	35	41.82
Michigan	36	41.64
Arkansas	37	41.45
New Mexico	38	40.55
South Carolina	38	40.55
Indiana	40	39.82
Alabama	41	35.45
Hawaii	42	32.91
Kansas	43	32.55
Oklahoma	44	30.55
Maine	45	28.91
Louisiana	46	24.00
North Dakota	47	22.55
Mississippi	48	22.36
West Virginia	49	22.00
Alaska	50	17.64

2020

State	Rank	Score
California	1	85.82
Colorado	2	84.00
Massachusetts	3	83.45
Utah	4	74.18
Washington	5	73.64
Minnesota	6	69.09
Oregon	7	68.73
New York	8	68.18
Texas	9	65.45
Pennsylvania	10	63.82
New Hampshire	11	63.27
Delaware	12	62.00
Illinois	13	61.27
New Jersey	14	60.18
Connecticut	15	59.82
Florida	16	58.36
North Carolina	17	57.82
Maryland	18	56.91
Arizona	19	55.45
Georgia	20	54.73
Montana	21	52.73
New Mexico	22	52.55
Tennessee	23	52.18
Ohio	24	52.00
Virginia	25	50.91
Indiana	26	50.73
Wisconsin	27	48.00
Michigan	28	47.82
Idaho	29	46.73
Vermont	29	46.73
Kentucky	31	46.00
South Carolina	31	46.00
Hawaii	33	44.73
Maine	33	44.73
Kansas	35	44.55
Rhode Island	36	43.64
Missouri	37	42.91
Arkansas	38	42.55
North Dakota	39	39.64
Wyoming	40	39.45
Nevada	41	36.18
Nebraska	42	34.00
Oklahoma	43	33.09
South Dakota	44	32.18
Iowa	45	28.00
Alabama	46	27.64
Louisiana	47	26.18
Mississippi	48	24.73
Alaska	49	18.55
West Virginia	50	5.27

2018

State	Rank	Score
Massachusetts	1	81.17
Colorado	2	77.50
Utah	3	76.17
California	4	74.33
Washington	5	70.00
Maryland	6	68.33
New York	6	68.33
Florida	8	68.00
North Carolina	9	66.50
Illinois	10	62.50
Texas	11	59.67
Michigan	12	58.50
Rhode Island	13	58.33
Pennsylvania	14	58.17
Delaware	15	57.67
Oregon	16	54.33
Wisconsin	16	54.33
New Mexico	18	54.00
Georgia	19	53.50
New Jersey	20	53.00
Indiana	21	52.50
Minnesota	21	52.50
New Hampshire	23	52.00
Ohio	24	50.33
Connecticut	25	49.17
South Carolina	26	48.17
Missouri	27	47.67
Idaho	28	45.17
Maine	29	42.33
Arizona	30	42.17
Vermont	31	41.50
Montana	32	40.50
Nebraska	33	38.17
Nevada	34	36.67
Virginia	34	36.67
Arkansas	36	36.17
Kansas	37	35.50
Tennessee	38	35.17
Alabama	39	35.00
Louisiana	40	33.83
Iowa	41	33.00
Kentucky	42	26.50
Oklahoma	43	25.17
North Dakota	44	23.60
South Dakota	45	19.20
Wyoming	46	17.40
Hawaii	47	16.33
Alaska	48	13.80
Mississippi	49	11.33
West Virginia	50	10.33

2016

State	Rank	Score
California	1	79.00
Massachusetts	2	78.67
Colorado	3	72.91
New York	4	72.17
North Carolina	5	71.45
Utah	6	71.27
Missouri	7	70.40
Maryland	8	70.36
Georgia	9	67.00
Oregon	10	66.36
Connecticut	11	66.18
Texas	12	66.00
Vermont	13	65.45
New Hampshire	14	64.50
Washington	15	64.18
Minnesota	16	62.73
Illinois	17	61.64
Arizona	18	61.17
Nebraska	19	58.60
Wisconsin	20	58.00
New Jersey	21	57.80
Tennessee	22	57.27
Michigan	23	56.36
Pennsylvania	24	55.83
Virginia	25	55.00
Florida	26	54.18
Idaho	27	53.40
Rhode Island	28	53.33
Delaware	29	52.80
Kansas	30	51.82
Maine	31	50.73
New Mexico	32	48.36
Ohio	33	48.00
South Dakota	34	47.33
Oklahoma	35	46.73
Louisiana	36	44.55
Nevada	37	43.82
Alabama	38	43.45
Kentucky	39	43.40
North Dakota	40	43.33
Arkansas	41	43.00
South Carolina	42	42.40
Indiana	43	42.00
Alaska	44	41.33
Montana	45	39.82
Iowa	46	39.40
Wyoming	47	36.33
West Virginia	48	34.00
Mississippi	49	32.86
Hawaii	50	27.50