WalletHub Study: California Is 2023’s 5th Most Innovative State

With the U.S. spending over $600 billion per year on R&D, the personal-finance website WalletHub released its report on 2023’s Most & Least Innovative States, as well as expert commentary.

In order to give credit to the states that have contributed the most to America’s innovative success, WalletHub compared the 50 states and the District of Columbia across 22 key metrics. The data set ranges from share of STEM professionals to R&D spending per capita.

Innovation in California (1=Most Innovative, 25=Avg.):

• 7^th – Share of STEM Professionals
• 7^th – Projected STEM-Job Demand by 2030
• 4^th – Share of Science & Engineering Graduates Aged 25+
• 7^th – Share of Technology Companies
• 1^st – R&D Spending per Capita
• 1^st – Venture-Capital Funding per Capita

For the full report, please visit: https://wallethub.com/edu/most-innovative-states/31890