Pennsylvania believes in innovation. It recognizes the importance of groundbreaking technology and the potential that new ideas hold for industries across the state. The commonwealth is focuses on supporting the growing robotics, cyber-security, and digital technology companies in Pennsylvania. Funding from the state and federal government, as well as foundations and other organizations support various programs to develop and commercialize technology, subsidize education and training, recruit world-class talent, incubate and mentor early-stage companies, and facilitate networking.
Pennsylvania recently surpassed Illinois to become the 7th largest state by technology employment in the Tech America Foundation's 2011 Cyberstates report, and CNBC ranked Pennsylvania 5th in the country for technology and innovation in its 2012 America's Top States for Business report.
The commonwealth currently ranks 4th in the nation for R&D expenditures and was ranked 5th in medical research grants by CNBC in 2012. More than $4.5 million was invested in research projects and 110 patent applications were filled through the University Research Commercialization Grant Program in 2010-11. Eight Pennsylvania universities are categorized by the Carnegie Foundation as having "Very High" or "High" research activity, and three were ranked in the top 25 nationwide by the Center for Measuring University Performance.
More than 205,000 individuals are employed in technology industries in Pennsylvania. There are 260 degree-granting institutions in Pennsylvania, ranking it third in the nation. Four of the nation's top fifty schools – including two ranked in the top 50 universities in the world, Carnegie Mellon University and the University of Pennsylvania – lie within Pennsylvania's borders. The state's educational institutions are consistently among the top-ranked schools in business, biomedical research, material science, engineering, and computer science. With 26.4 percent of Pennsylvanians over 25 holding bachelor's degrees, Pennsylvania's quality workforce offers companies an ideal combination of knowledge and experience.
For more information about Pennsylvania please visit www.newPA.com.