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Innovation Outcomes

Source: National Science Foundation

This shows the number of Patents awarded per 1000 individuals in science and engineering occupations. Vermont has been consistently high compared to national averages. Patenting rates are a way to measure innovation in products as well as processes. Vermont’s patent activity is strongly tied to Global Foundries, but thousands of small manufacturers and other firms are innovating to remain globally competitive. Academic patents account for just a few patents filed per year, on average.

Source: National Science Foundation

Funds awarded through the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs support R&D and technological innovation in companies with 500 or fewer employees. This indicator represents the extent to which small business firms in a state are pursuing research projects that meet federal R&D needs and attract federal support. Vermont receives more funding than most states, ranking 9th, but still falls behind other New England States with New Hampshire and Massachusetts ranked 1st and 2nd respectively.