The National Science Foundation recently reported that R&D spending at academic institutions rose slightly in Illinois in 2012. The quarterly report of the Illinois Innovation Index released today examines recent trends in the state’s academic R&D expenditures, which is a critical component in attracting funds and talent to support research and innovation.
The Index found that Illinois academic institutions increased their total R&D expenditures to $2.36 billion in 2012 and maintained its position as one of the top metropolitan areas in the country for academic R&D expenditures. Data shows that Illinois continued to be most specialized in math and computer science R&D among all states nationwide.
The Illinois Innovation Index, launched in part by the Chicagoland Chamber of Commerce, is an information resource that provides analysis and insights on business development and economic activity in our state that examines a different topic each issue.
Click here to read the full issue.