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The number of venture capital deals conducted in the State of Wisconsin.
Why it matters
Innovation in new goods, services, and technologies drives economic growth. For newly-created firms, the cost of conducting research, creating new products, and marketing them can be substantial. In these instances, investors can support high-risk, high-growth startup companies through venture capital funding with a perceived long-term growth potential.
The data for the State Venture Capital indicate growth rate of nearly 38% higher than the national growth rate of 10.87%. While the County's growth rate is fairly high at 27.62% at $6 per $10,000 GDP 2008-2012, these benchmarks allow identification of larger trends to analyze how statewide or national effects are impacting the County's performance.
This indicator contains national growth rate as benchmark to place Wisconsin's performance in context.
U.S. Cluster Mapping, Institute for Strategy and Competitiveness, Harvard Business School. Copyright © 2014 President and Fellows of Harvard College. All rights reserved. Research funded in part by the U.S. Department of Commerce, Economic Development Administration.