Michigan ranked 10th in the nation in the number of patents issued and exceeded the “Top Ten” average. Michigan inventors were more prolific than those for all of its peers except Massachusetts, Colorado, and California on a per capita basis.
What It Is: Number of U.S. patents awarded per 100,000 residents.
Why It Matters: Patents provide an incentive for innovators and entrepreneurs to improve technology. The states whose residents are the source of this innovation have an advantage in reaping the economic benefits derived from them.
Note: No new update is available in this category. Performance reflects that shown in prior year benchmarking report.