Right Innovative Spirit

At a Glance

• A 2006 analysis of census data demonstrated that, according to four of the five metrics used for worker productivity, Indiana excelled above all of its neighboring states as well as the national average in productivity increases from 1997-2002. The 2002 census data alone showed that Indiana beat the national average and its neighbors – Illinois, Ohio, Michigan, and Kentucky – in terms of:
  - Value-added per employee
  - Value-added per production worker
  - Value-added per payroll wage dollar
• Indiana is home to ground–breaking research in such fields as bio–engineering/tissue engineering, genomics/proteomics, bio-informatics and nanotechnology.
• Indiana ranks in the Top 10 in the country for entrepreneurs. (Small Business and Entrepreneurship Council, October 2006)
• Indiana ranks 12th among states in the Small Business Survival Index. (Small Business and Entrepreneurship Council, October 2006)
• Indiana is ranked #15 in terms of the number of science and engineering degrees awarded. (National Science Foundation, 2004)
• Indiana ranks 4th in venture capital invested per deal. (PricewaterhouseCoopers, 2004)
• Purdue Research Park is the #1 university research park in the country. (Association of Research Parks)
• Indiana University’s Emerging Technologies Center is one of the fastest growing incubators in the nation.
• Indiana ranks #14 in the U.S. Economic Freedom Index. (Pacific Research Institute, 2004)
• Indiana ranks 15th in terms of industrial R&D, according to Indiana Technology Profile (October 2005).

  ---

• In terms of health care startups, Indiana led the way in attracting venture capital in the Midwest, according to BioEnterprise (April 2007).
• Indianapolis is one of the 50 “hottest” cities in the U.S. (Expansion Management, February 2007)
• Indiana ranks #4 in venture capital invested per deal. (PricewaterhouseCoopers, 2004)
• Indianapolis ranks 10th among the top 200 largest metro areas in the U.S. in which to start a business or a career. (Forbes, May 2006)
• Adoption of the state–of–the–art telecommunications legislation has led to new investments in broadband and fiber optics across the state.
• Indianapolis is 10th in the nation in the production of fast-growth, super-achieving companies. (Inc., August 2006)
• In terms of university licenses to small business, Indiana ranks #8 nationally. Here are the standings of other Midwestern states:
  - Illinois: 19
  - Kentucky: 38
  - Michigan: 18
  - Minnesota: 9
  - Ohio: 23
  (Indiana Technology Profile, Techpoint, October 2005)
• Central Indiana is home to more than 1,900 information technology firms.
• Indiana University has the best graduate and the best undergraduate programs in entrepreneurship in the country among public universities. (U.S. News & World Report, 2007)
• Rose-Hulman Institute of Technology is the nation’s #1 Masters level engineering school (U.S. News & World Report).

  ---

• Indiana University’s Kelly School of Business is in the top 10 undergraduate business programs in the U.S. (Business Week, 2006)
• Ball State University ranks #1 for wireless campuses (Intel Corporation — in conjunction with the Center for Digital Education).
• Indiana is one of the top three states for K-12 academic standards. (Thomas B. Fordham Foundation, 2006)
• Indiana’s transportation infrastructure is being dramatically improved through the “Major Moves” program, which will provide $12 billion in funding for comprehensive infrastructure improvements during the next 10 years.
• Indiana is one of the top seven states for academic standards in science for primary and secondary schools. (Thomas B. Fordham Foundation, 2005)
• Indiana is #15 in terms of the number of science and engineering degrees awarded. (National Science Foundation, 2004)
• According to the Financial Times, Indiana University’s Kelly School of Business has the 2nd best marketing M.B.A. program in the world. (2007)
• Notre Dame is ranked as the 20th best university in the country. Its undergraduate business program is listed as #3. (U.S. News & World Report, 2007)
• Purdue University has the 2nd best industrial engineering program in the country and the 7th best university MBA program. (U.S. News & World Report, 2007)

  ---

• Purdue University’s program in analytical chemistry ranks 2nd nationally, while the graduate computer program ranks 9th. (U.S. News & World Report, 2007)
• At the Krannert School, Purdue University’s business school, the production/operations management courses are ranked 3rd in the nation and those in logistics/supply chain rank 7th.
• (U.S. News & World Report, 2007)
• Indiana University has the 30th fastest supercomputer in the world. (TOP500 list, International Supercomputer Conference, July 2007)
• Indiana ranks #6 in academic R&D expenditures. (Survey of Research and Development Expenditures at Universities and Colleges, 2006)
• Bloomington, Indiana, ranks #6 among top Best Small Places for Business and Careers (Forbes, April 2007)
• Of the 50 smartest cities in which to live, Indiana scored well:
  - Indianapolis ranked #14
  - Lafayette ranked #30
  - Evansville ranked #33
  - Bloomington ranked #44.
  (Kiplinger’s Personal Finance list, May 2006)