Nebraska's Position in Technology & Science
Sep 01, 2003
Ross DeVol and Rob Koepp with Junghoon Ki

This report compares and contrasts Nebraska with its regional peers and its positions relative to national leaders using the Milken Institute's Technology and Science Index. The index uses 77 indicators in five categories to measure how well a state will perform in today's knowledge-based economy. The five composite categories are:
  • Research and development inputs;
  • Risk capital and entrepreneurial infrastructure;
  • Human capital investment;
  • Technology and science workforce; and
  • Technology concentration and dynamism.

    Individual indicators include a wide range of measurements such as the percentage of a state's population with Ph.D.s, research and development expenditures per capita, and venture capital investment.

    Nebraska's best rankings were in the Research and Development Composite Index (R&D), where it had strong positions in industry R&D, academic R&D, life sciences R&D and agriculture R&D, and in the Technology and Science Workforce Composite Index, ranking 11th nationally and 1st among the West North Central states. Nebraska demonstrated exceptionally strong growth in venture capital funding, increasing at a rate of slightly more than 100 percent in the past year, but its middle-of-the-road rankings in the remaining three indexes place the state almost dead-center nationally.

    If you are interested in conducting a detailed analysis of your state's ranking on the Technology and Science Index, please contact Roubina Arakelian at the Milken Institue by e-mail (rarakelian@milkeninstitute.org) or phone (310-570-4600). She will be glad to arrange a time for you to speak with the study's primary author, Ross DeVol, Director, Regional Economics.