20 Most Innovative States in the US

Published on October 17, 2023 at 6:34 pm by Zarah Hamid in Business, Lists, News

In this article, we will be navigating through the factors driving innovation across the United States, while covering the 20 most innovative states in the US. If you wish to skip our detailed analysis, you can move directly to the 5 Most Innovative States in the US.

Innovation: The Future of America

One of the key drivers of the US economy is innovation. The United States is one of the most innovative countries in the world as it continues to pour hefty investments in research and development. On February 28, McKinsey reported that the United States has dedicated a federal funding of $2 trillion to foster innovation over the next 10 years.

The United States is home to various innovation hubs which offer state-of-the-art research and development facilities, quality education institutions, and incubators. Apart from the established innovation hubs in Boston and Silicon Valley, new innovation setups are appearing across other areas including Indiana and Tulsa. These centers of innovation are of profound importance since they account for 80% of the engineers and patents in the country, while contributing 60% to the country’s overall exports.

The growth in the most innovative regions is also fueled by educated talent. These areas have the ability to attract the potential workforce. Academic centers play an important role in building the right kind of talent for an innovative future. Since innovation hubs attract many companies, abundant employment opportunities emerge for those who have adequate skills. Another important factor that contributes to innovation is how easily startups can avail pre-seed and seed funding since they might not have enough capital to invest in the beginning. These startups can utilize the capabilities of high level R&D throughout their journey, from early idea proposition to final product commercialization. You can also take a look at some of the US states with the lowest business taxes.

Companies Leading Innovation Globally

Renowned companies that have the most innovative products to offer in the US include Tesla, Inc. (NASDAQ:TSLA), Apple Inc. (NASDAQ:AAPL) and Pfizer Inc. (NYSE:PFE). You can also view the country’s top states for business in 2023.

On September 14, Reuters reported that Tesla, Inc. (NASDAQ:TSLA) has been working on a disruptive innovation that could alter the way it makes electric vehicles, by casting the EV underbody in one piece. This approach is based on creating large sub-assemblies of a car and then binding them together. Chief Executive Officer Elon Musk has plans to launch cheaper electric vehicles while locking in high profits in the future. It has also been speculated that the unique manufacturing technique would enable the company to manufacture a car completely within 18 to 24 months, as compared to an average manufacturing time of 3 to 4 years taken by the company’s competitors.

Apple Inc. (NASDAQ:AAPL) utilizes cutting edge technology to come up with world-class innovative products. On October 17, the company reported the upcoming launch of its new Apple Pencil in early November. The Apple Pencil will be compatible with iPads having a USB-C port. Greater drawing precision will be facilitated by the product. Back in June, one of the innovative ideas from Apple Inc. (NASDAQ:AAPL) materialized in the form of its new Vision Pro headset, the company’s first ever mixed reality headset and the first spatial operating system worldwide. The company also introduced its new MacBook Air as the best and the thinnest 15-inch laptop in the world.

Pfizer Inc. (NYSE:PFE) is a pharmaceutical and biotechnology company which transforms the landscape of health and well-being in America and across the globe. The company was one of the first in the industry to launch a vaccine for the global pandemic, Coronavirus. The recent developments from Pfizer Inc. (NYSE:PFE) have been quite novel. The company has been working on an mRNA-based vaccine for Lyme disease which will be a new kind of HIV vaccine. The vaccine under development is a major breakthrough considering that Lyme disease affects approximately half a million Americans every year. On September 7, Reuters reported that the company posted positive results for the phase 2 trial of the vaccine. Overall, the vaccine shots have been safe among children and adults. The phase 3 of the clinical trials are being carried out by Pfizer Inc. (NYSE:PFE) and the partnering firm, Valneva. The companies aim to seek authorization for the vaccine by 2026.

Now that we have taken a look at some of the most innovative companies in the US, let’s take a look at the 20 most innovative states in the US.

20 Most Innovative States in the US

Our Methodology

In order to compile a list of the 20 most innovative states in the US, we sourced data from the Consumer Technology Association’s interactive map. From this map, we shortlisted the states which tend to be more innovative. Based on the aforementioned characteristics of innovation hubs, we selected appropriate metrics to represent an innovative state. Our primary metric was the per capita investment in research and development in every state, acquired from the National Science Foundation. Our secondary metric was the per capita venture capital investment in every state, cited from the Consumer Technology Association’s map and originally sourced from PitchBook. Our tertiary metric was the proportion of tech workforce expressed as the number of tech jobs per 1,000 people in a state. This metric was sourced from the US Bureau of Labor Statistics‘s occupational employment statistics survey.

Finally, we ranked the top 20 most innovative states in the US on a priority basis, as mentioned above.

20 Most Innovative States in the US

20. Virginia

Per Capita R&D Investment: $837.16

Per Capita Venture Capital Investment: $356.94

Tech Related Jobs: 56

Virginia ranks as one of the 20 most innovative states in the US. The state has a high share of tech companies. The STEM professionals in the form of science and engineering graduates are also in high concentration.

19. Texas

Per Capita R&D Investment: $883.37

Per Capita Venture Capital Investment: $360.32

Tech Related Jobs: 40

Texas is an innovative state in the US since the state attracts high venture capital funding. The quality education system and research universities in Texas contribute to a skilled workforce which in turn attracts capital and jobs to the state.

Tesla, Inc. (NASDAQ:TSLA), Apple Inc. (NASDAQ:AAPL) and Pfizer Inc. (NYSE:PFE) continue to drive innovation through their unique product offerings across the US.

18. Kansas

Per Capita R&D Investment: $944.26

Per Capita Venture Capital Investment: $76.56

Tech Related Jobs: 42

Kansas is known for its vibrant entrepreneurial environment. The state hosts and promotes a large proportion of startups. It also offers convenient access to capital which fosters the growth of innovative businesses. Thus, Kansas is an innovative state in the US.

17. Maryland

Per Capita R&D Investment: $960.73

Per Capita Venture Capital Investment: $349.22

Tech Related Jobs: 52

Maryland qualifies as one of the most innovative states in the US as the state is a hub for technological innovation. It offers an attractive business environment due to its proximity to Washington D.C. and its established infrastructure. The life sciences and cyber security industry is flourishing in the state.

16. Arizona

Per Capita R&D Investment: $977.14

Per Capita Venture Capital Investment: $279.96

Tech Related Jobs: 40

Arizona is a leading center of innovation in the US. The state is business friendly and invests a significant amount in research and development per capita.

15. Utah

Per Capita R&D Investment: $984.13

Per Capita Venture Capital Investment: $1,264.80

Tech Related Jobs: 49

Utah offers a favorable environment where entrepreneurial activities can be sustained. The University of Utah is a renowned research university that contributes to building talent and attracting funding in the state.

14. Missouri

Per Capita R&D Investment: $1,054.12

Per Capita Venture Capital Investment: $214.23

Tech Related Jobs: 39

Missouri allows reasonable investments for tech startups to grow in the state. The mentoring, research and financing opportunities are diverse in the state which makes it another innovation-focused state in the US.

13. Iowa

Per Capita R&D Investment: $1,082.03

Per Capita Venture Capital Investment: $77.86

Tech Related Jobs: 41

Iowa is home to many accelerator programs for startups that offer them seed funding, mentoring and networking opportunities. The state also has a high percentage of tech workforce and provides a business friendly environment.

12. Pennsylvania

Per Capita R&D Investment: $1,191.22

Per Capita Venture Capital Investment: $417.46

Tech Related Jobs: 41

Pennsylvania has world-class educational institutes and skilled labor to offer. The state provides leading R&D facilities and empowers a significant number of startups and small businesses. Hence, Pennsylvania ranks as one of the most innovative states in the US.

11. Indiana

Per Capita R&D Investment: $1,220.25

Per Capita Venture Capital Investment: $78.53

Tech Related Jobs: 35

A culture of collaboration and a strong education system promotes innovation in Indiana. The state has been capable of attracting many companies that engage with technologies including artificial intelligence, microelectronics, and hypersonics.

10. Colorado

Per Capita R&D Investment: $1,229.34

Per Capita Venture Capital Investment: $1,229.34

Tech Related Jobs: 54

The most innovative states in the US include Colorado as well. The state has a high concentration of tech workers in addition to an educated workforce. Businesses and startup growth are supported by the environment in Colorado.

Some of the most innovative companies in the world include Tesla, Inc. (NASDAQ:TSLA), Apple Inc. (NASDAQ:AAPL) and Pfizer Inc. (NYSE:PFE).

9. North Carolina

Per Capita R&D Investment: $1,267.06

Per Capita Venture Capital Investment: $374.9

Tech Related Jobs: 40

North Carolina is one of the US states with high research and development funding. It is home to many high rated universities which build talent for the state. There are many businesses related to high science, engineering and technology that operate in the state.

8. Minnesota

Per Capita R&D Investment: $1,370.85

Per Capita Venture Capital Investment: $488.33

Tech Related Jobs: 52

Minnesota holds a high number of patents in various fields of tech. Some of the most innovative companies in Minnesota belong to biotechnology, fintech, software, and internet of things. There are numerous academic and research institutions in the state.

7. New Hampshire

Per Capita R&D Investment: $1,983.45

Per Capita Venture Capital Investment: $117.06

Tech Related Jobs: 50

New Hampshire is a leading innovative state in the US. The state’s tax-friendly policy attracts businesses as well as investments. New Hampshire is also known as a tech hub since this sector supports the state’s overall economy and employs a significant population.

6. Michigan

Per Capita R&D Investment: $2,147.99

Per Capita Venture Capital Investment: $144.38

Tech Related Jobs: 41

Michigan qualifies for the most innovative states in the US as a result of its high per capita R&D and venture capital investments. The growing tech startups and an expanding skilled workforce contribute to innovation in the state.

Click to continue reading and see 5 Most Innovative States in the US.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

Access to our Detailed Report on our AI, Tariffs, and Nuclear Energy Stock with 100+% potential upside within 12 to 24 months
BONUS REPORT on our #1 AI-Robotics Stock with 10000% upside potential: Our in-depth report dives deep into our #1 AI/robotics stock’s groundbreaking technology and massive growth potential.
One New Issue of Our Premium Readership Newsletter: You will also receive one new issue per month and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.
One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
Bonus Content: Premium access to members-only fund manager video interviews
Ad-Free Browsing: Enjoy a month of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Price Guarantee: Your renewal rate will always remain the same as long as your subscription is active.
30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

Insider Monkey Ads

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up

20 Most Innovative States in the US

Published on October 17, 2023 at 6:34 pm by Zarah Hamid in Business, Lists, News

Innovation: The Future of America

Companies Leading Innovation Globally

20 Most Innovative States in the US

20. Virginia

19. Texas

18. Kansas

17. Maryland

16. Arizona

15. Utah

14. Missouri

13. Iowa

12. Pennsylvania

11. Indiana

10. Colorado

9. North Carolina

8. Minnesota

7. New Hampshire

6. Michigan

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Premium

Log In

Sign Up

20 Most Innovative States in the US

Published on October 17, 2023 at 6:34 pm by Zarah Hamid in Business, Lists, News

Share

Innovation: The Future of America

Companies Leading Innovation Globally

20 Most Innovative States in the US

20. Virginia

19. Texas

18. Kansas

17. Maryland

16. Arizona

15. Utah

14. Missouri

13. Iowa

12. Pennsylvania

11. Indiana

10. Colorado

9. North Carolina

8. Minnesota

7. New Hampshire

6. Michigan

Share

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff