innovation-growth

Between 2012 and 2013, research and development spending at Illinois universities grew faster than in any other state. Illinois’ institutions of higher learning spent a record $2.4 billion trying to drive science and engineering innovation.

One of Illinois’ advantages is that it is better positioned to bring in federal funding for cutting-edge research into computer and material sciences from the National Science Foundation and Department of Energy. In part because of the state’s success in attracting federal funds, Illinois-based R&D spending increased 10 times more than the national average and nearly twice as much as other states in the top ten. This success is even more impressive given that the federal government kept R&D funding flat.

To learn more, visit the Illinois Innovation Network’s website.

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