ATLANTA INNOVATION INDEX

IN PROGRESS FOR 2014

DRAFT

ENTREPRENEURS
2007-2012

EDUCATION

PER
100,000

Since 2007

35%

GROWTH

INNOVATION ACTIVITY FUNDING/INVESTMENT

Overview
Venture Capital

$2.1 billion
$2.6 billion

R&D Expenditures
in Metro-Atlanta
Academic
Institutions

Federal
Grant Dollars

52%
52%
GROWTH

GROWTH

in Patent Registrations since 07

in Patent Registrations since 07

2012
Patent Registrations
at an all time high

ave
rag
ing

1600

520

ENTREPRENEURS

12,000 STEM

9000

degrees awarded in 2012

Graduate Students

PER
100,000

2007-2012

27%

GROWTH

in Science & Engineering in 12 in STEM degrees since 07

Atlanta Innovation Index

140
135
130
125
120

117

116

115

115

Education Variables

107

Innovation Activity Variables

105

100
100
95
90

2007

2008

Funding Variables
Employment Variables

110
110

All Variables

2009

2010

2011

2012 (P)

Atlanta Innovation Index

Category

Variables

Funding

40.0%
R&D Spending at Institutions

10.0%

SBIR/STTR Grants - $

5.0%

NSF Awards - #

5.0%

NIH Awards - $

5.0%

NIH Awards - #

5.0%

Venture Capital Investment ($)

Venture Capital Investment (#)

5.0%
5.0%

Employment

15.0%
Employment in Innovation Sector - #

5.0%

Employment in Innovation Sector - %

5.0%

Payroll in Innovation Sector - %

5.0%

Education

20.0%
Number of S&E Graduate Students - #

10.0%

STEM Degrees Conferred - #

10.0%

Innovation Activity

Total

Weighting

25.0%
Patents

15.0%

Entrepreneurs Per 100,000 Population- %

10.0%

100%

Funding / Investment
! 35% Growth in R&D Expenditures at Metro Atlanta Academic Institutions since 2007
! Over $2.6 Billion in Federal Grant Awards Dollars since 2007
! Over $2.1 Billion in Venture Capital Investment since 2007

Atlanta R&D Expenditures at Institutions

$1,600,000,000

$1,400,000,000

$1,200,000,000

$1,000,000,000

$800,000,000

$600,000,000

$400,000,000

$200,000,000

$-

2007

2008

2009

2010

2011

! Over $1.35 Billion in R&D Expenditures at Metro Atlanta Academic Institutions in 2011
! 35% Growth in R&D Expenditures at Metro Atlanta Academic Institutions since 2007
Source: NSF Survey of R&D Expenditures at Universities and Colleges, WebCASPAR

2012 (P)

Atlanta R&D Expenditures at Institutions

Benchmark Data

$2,000,000,000
$1,800,000,000
$1,600,000,000
$1,400,000,000

Atlanta

$1,200,000,000

Austin

$1,000,000,000

Boston

$800,000,000

Dallas
Denver

$600,000,000

Seattle

$400,000,000
$200,000,000
$1.60

2007

2008

2009

2010

2011
Atlanta

Sub-Index

1.50

Austin

1.40

Boston

1.30

Dallas

1.20

Denver

1.10

Seattle

1.00
0.90

2007

2008

2009

2010

Source: NSF Survey of R&D Expenditures at Universities and Colleges, WebCASPAR

2011

Atlanta SBIR / STTR Awards

$30,000,000

80
70

$25,000,000
60
$20,000,000
50
$15,000,000

40
30

$10,000,000
20
$5,000,000
10
$0

2007

2008

2009

2010

2011

2012

Count of Award Amount

58

69

74

70

51

56

Sum of Award Amount

$16,705,441

$20,201,106

$24,168,937

$22,049,076

$18,838,573

$25,446,739

! Over $127 Million in SBIR/STTR Awards Dollars since 2007

! Over $25 Million in SBIR/STTR Awards Dollars in 2012 (High Point)
! 52% Growth in SBIR/STTR Awards Dollars since 2007
Source: Small Business Innovation Research, SBIR.gov

Atlanta SBIR / STTR Awards

Benchmark Data

$80,000,000
$70,000,000
$60,000,000

Atlanta

$50,000,000

Austin

$40,000,000

Boston
Dallas

$30,000,000

Denver

$20,000,000

Seattle

$10,000,000
$-

2.20
2.00

2007

2008

2009

2010

2011

2012

Sub-Index

Atlanta
Austin

1.80

Boston

1.60

Dallas

1.40

Denver
Seattle

1.20
1.00
0.80

2007

2008

2009

2010

2011

Source: Small Business Innovation Research, SBIR.gov

2012

Atlanta NSF Awards

AWARDED AMOUNT NOT INCLUDED IN INDEX

350

$140,000,000

300

$120,000,000

250

$100,000,000

200

$80,000,000

150

$60,000,000

100

$40,000,000

50

$20,000,000

Count of AwardNumber
Sum of AwardedAmountToDate

2007

2008

2009

2010

2011

2012

211

223

288

251

214

236

$60,811,742

$69,082,658

$119,630,757

$91,262,817

$73,773,376

$66,109,073

! Over $480 Million in NSF Awards Dollars since 2007

! Over $66 Million in NSF Awards Dollars in 2012
Source: National Science Foundation, NSF.gov

$-

Atlanta NIH Awards

$400,000,000

900

$350,000,000

800
700

$300,000,000

600
$250,000,000
500
$200,000,000
400
$150,000,000
300
$100,000,000

200

$50,000,000
$0

100

2007

2008

2009

2010

2011

2012

Sum of AWARDS

803

802

790

794

797

802

Sum of FUNDING

$313,464,750

$330,156,619

$341,149,213

$363,765,657

$373,733,496

$372,821,704

! Over $2 Billion in NIH Awards Dollars since 2007

! Over $372 Million in NIH Awards Dollars in 2012
! 19% Growth in NIH Awards Dollars since 2007
Source: National Institutes of Health, NIH.gov

Georgia Venture Capital

90

$500,000,000

80

$450,000,000
$400,000,000

70

$350,000,000

60

$300,000,000
50
$250,000,000
40
$200,000,000
30

$150,000,000

20

$100,000,000

10
-

$50,000,000
2007

2008

2009

2010

2011

2012

Venture Capital Investment (#)

75

80

44

67

56

53

Venture Capital Investment ($)

$438,000,000

$419,000,000

$302,020,900

$342,988,000

$373,445,000

$261,840,300

! Over $2.1 Billion in Venture Capital Investment since 2007

! Over $261 Million in Venture Capital Investment in 2012
! There has been a 40% decrease in Venture Capital Investment since 2007
Source: National Venture Capital Association, nvca.org

$-

Georgia Venture Capital as a % of Total

1.60%

1.40%

1.20%

1.00%

0.80%

0.60%

0.40%

0.20%

0.00%
GA Venture Capital as % of Total ($)

2007

2008

2009

2010

2011

2012

1.37%

1.40%

1.49%

1.47%

1.26%

0.97%

! There has been a .4% decrease in Georgias share of overall VC Investment since 2007
Source: National Venture Capital Association, nvca.org

Employment
! Over 3400 additional Innovation Jobs in 2012, with 7% growth since 2007
! Innovation Jobs are almost 6% of the total Jobs, but over 10% of the total Payroll
! Innovation Jobs on average pay 38% more than Other Jobs in 2012

Atlanta Innovation Employment

7.00%

140,000

6.00%

120,000

5.00%

100,000

4.00%

80,000

3.00%

60,000

2.00%

40,000

1.00%

20,000

0.00%

2007

2008

2009

2010

2011

2012

Innovation Jobs

123,260

127,120

126,820

125,160

128,950

132,380

Innovation Jobs as a % of Total

5.27%

5.49%

5.68%

5.83%

5.92%

5.96%

! Over 3400 Additional Innovation Jobs in 2012

! Over 7% increase in Innovation Jobs since 2007
! Innovation Jobs Increase as a % of the Total Jobs in Atlanta to almost 6%
Source: BLS, Occupational Employment Statistics; BLS Innovation / High-Tech Definition

Atlanta Innovation Payroll

12.00%

10.00%

8.00%

6.00%

4.00%

2.00%

0.00%
Innovation Payroll as a % of Total

2007

2008

2009

2010

2011

2012

9.14%

9.66%

9.78%

9.99%

10.06%

10.36%

! Innovation Jobs are almost 6% of the total Jobs, but over 10% of the total Payroll
! Innovation Payroll grew 1.22% as a % of the Total Atlanta Payroll
Source: BLS, Occupational Employment Statistics; BLS Innovation / High-Tech Definition

Atlanta Innovation Annual Mean Salaries

NOT INCLUDED IN INDEX
$80,000

$70,000

$60,000

$50,000

$40,000

$30,000

$20,000

$10,000

$-

2007

2008

2009

2010

2011

2012

Innovation Jobs

$63,173

$65,600

$67,454

$69,840

$68,562

$68,996

Other Jobs

$44,490

$45,614

$47,126

$47,934

$49,045

$49,884

! Innovation Jobs on average pay 38% more than Other Jobs in 2012
Source: BLS, Occupational Employment Statistics; BLS Innovation / High-Tech Definition

Education
! Atlanta had over 9000 Graduate Students studying Science & Engineering in 2012
! Atlanta awarded over 12,000 STEM Degrees in 2012
! The number of STEM Degrees Awarded grew by over 27% from 2007 - 2011

Atlanta S&E Graduate Students

10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
0
S&E Graduate Students

2007

2008

2009

2010

2011

2012 (P)

9108

9450

9426

9051

9272

9472

! Atlanta had over 9000 Graduate Students studying Science & Engineering in 2012
! The number of S&E Graduate Students grew by 2% from 2007 - 2011
Source: NSF-NIH Survey of Graduate Students and Postdoctorates in Science and Engineering, WebCASPAR

Atlanta STEM Degrees Awarded

14,000

12,000

10,000

8,000

6,000

4,000

2,000

STEM Degrees

2007

2008

2009

2010

2011

2012 (P)

9,688

10,054

11,211

11,688

12,371

13,079

! Atlanta awarded over 12,000 STEM Degrees in 2012

! The number of STEM Degrees Awarded grew by over 27% from 2007 - 2011
Source: NCES IPEDS Completion Survey, WebCASPAR

Atlanta STEM Degrees Awarded

NOT INCLUDED IN INDEX
100%
90%
80%

6%

6%

8%

3%

3%

9%

1%

0%

9%
0%

22%

22%

23%

21%

21%

70%
Doctorate Degrees

60%

Professional Degrees
Master's Degrees

50%
50%

48%

45%

46%

46%

40%

Bachelor's Degrees
Associate's Degrees
Certificates

30%
20%
10%
0%

7%

7%

7%

6%

6%

13%

14%

16%

18%

16%

2007

2008

2009

2010

2011

! Over 1000 STEM Doctorate Degrees were Awarded in 2011

! Over 2500 STEM Masters Degrees were Awarded in 2011
! Over 5500 STEM Bachelors Degrees were Awarded in 2011
Source: NCES IPEDS Completion Survey, WebCASPAR

Innovation Activity
! Atlanta Patent Registrations are at all time highs with over 1600 in 2012
! There has been over 52% growth in Patent Registrations since 2007
! Atlanta has averaged 520 Entrepreneurs Per 100,000 from 2007 - 2012

Atlanta Patent Registrations

1800
1600
1400
1200
1000
800
600
400
200
0
Patent Registrations

2007

2008

2009

2010

2011

2012 (P)

1102

1136

1224

1656

1680

1708

! Atlanta Patent Registrations are at all time highs with over 1600 in 2012
! There has been over 52% growth in Patent Registrations since 2007
Source: US Patent and Trademark Office, USPTO.gov

Benchmark Patent Registrations Per Capita

NOT INCLUDED IN INDEX
0.0016

0.0014

0.0012

0.001

Atlanta
Austin
Boston

0.0008

Dallas
Denver

0.0006

Seattle

0.0004

0.0002

2007

2008

2009

2010

! Atlanta has less than the amount of Patents Per Capita when compared to Austin
Source: US Patent and Trademark Office, USPTO.gov

2011

Atlanta Patent Top 5 Technology Classes (2000-2011)

NOT INCLUDED IN INDEX

700

600

500

400

300

200

100

Top 5 Technology Classes

Telephonic Communications

Telecommunications

Multiplex Communications

Multicomputer Data Transferring

(Electrical Computers and Digital
Processing Systems)

DP: Financial, Business Practice,

Management, or Cost/Price
Determination (Data Processing)

660

644

578

498

464

Source: US Patent and Trademark Office, USPTO.gov

Atlanta Patent Top 5 Organizations (2000-2011)

NOT INCLUDED IN INDEX
2500

2000

1500

1000

500

0
Top 5 Organizations

~INDIVIDUALLY OWNED PATENT

AT& T INTELLECTUAL PROPERTY I, L.P.

KIMBERLY-CLARK WORLDWIDE, INC.

BELLSOUTH INTELLECTUAL PROPERTY

CORPORATION

GEORGIA TECH RESEARCH CORP.

2069

890

877

742

513

Source: US Patent and Trademark Office, USPTO.gov

Atlanta Entrepreneurs Per 100,000

800

700

600

500

400

300

200

100

0
Entreprenuers Per 100,000

2007

2008

2009

2010

2011

2012

480

740

510

580

500

310

! Atlanta has averaged 520 Entrepreneurs Per 100,000 from 2007 - 2012
Source: The Kauffman Foundation, Kauffman.org

Atlanta Entrepreneurs Per 100,000

Benchmark Data

800
700
600

Atlanta

500

Texas (Austin)

400

Boston
Dallas

300

Colorado (Denver)

200

Seattle

100
0

2007

2008

2009

2010

2011

2012

1.80

Sub-Index

1.60

Atlanta
Texas (Austin)

1.40

Boston
Dallas

1.20

Colorado (Denver)

1.00

Seattle

0.80
0.60

2007

2008

2009

2010

Source: The Kauffman Foundation, Kauffman.org

2011

2012