The Oregon Innovation Index was created to measure the state’s innovation economy and identify opportunities for enhancing competitiveness. It is a key yardstick used by Business Oregon to track the state’s success in building an innovation-based economy. An innovation-based economy is one that encourages new ideas, products, and approaches to meet current or emerging demands of consumers. It directly impacts the ability of communities to grow and prosper.
The Innovation Index uses a list of 20 indicators that ensure that each stage of the innovation process, the expected outcomes, and the environment that fosters innovation are all being evaluated when determining each state’s Innovation Score.
Oregon’s 2022 Innovation Score is 69 out of 100, which ranked third in the U.S. and is an improvement over the state’s 2018 score of 66.5. The top scoring state in the 2022 Index was Massachusetts with a score of 71.5. The top three scoring states– Massachusetts, California, and Oregon – remain unchanged from their 2018 Index ranking. The first Innovation Index was published in 2004 and this is its sixth update.