Lux U.S. States Benchmarking Tool

Lux Research: Benchmarking U.S. States for Economic Development for Nanotechnology Assessment Tool (2004)

  1. Nanotechnology Activity: assess two forms of nanotechnology activity in the state relative to its population:
    • Level of effort that the state has undertaken to create an environment for nanotechnology to flourish, as measured by the amount of nanotechnology funding allocated at the state level, the status of state nanotechnology initiatives, and the presence of federal and university nanotech centers, and
    • Private sector nanotechnology activity that the state only influences indirectly, as measured by the number of nanotech patents and patent applications, the number of public and private companies in nanotechnology, and the number of federal SBIR grants for nanotechnology applications awarded in the state.
  2. Technology Development Strength: a state's ability to promote general science and technology initiatives. Many assessments of this capability already exist, so used one highly regarded set of metrics, the Milken Institute's metrics on R&D inputs, technology and science workforce, human capital investment, technology concentration, and risk capital and infrastructure. They also used the concentration of Deloitte Technology Fast 50 companies in the state as a proxy for past technology development success and the Pacific Research Institute's U.S. Economic Freedom Index as a measure of relative regulatory hurdles and taxation levels.

Based on the above, there are four Lux categories that combine results of analysis of nanotechnology activity and general technology development.

  1. Nano-Leaders: high level of nanotechnology activity and a high degree of general technology development strength. In the best position to create jobs and attract inward investment through nanotechnology commercialization; the onus is on them to maintain their positions as the field matures.
  2. Nano-Aspirants: high level of nanotechnology activity relative to the population, but lack a history of technology development strength needed to convert this activity into economic growth.
  3. Nano-Laggards: excel at technology development, but have not shown a commitment or focus on nanotechnology activity.
  4. No-Shows: low level of nanotechnology related activity and technology development strength.

Source: Lux (2004). Lux Research (2004). Benchmarking U.S. States for Economic Development from Nanotechnology. Report NTS-B-04-003, Lux Research Inc, New York, NY.