The global innovation economy is booming across industries and geographies. Businesses large and small are capitalizing on opportunities in sofware, hardware, cleantech and healthcare. Yet looming challenges temper ambitious plans for growth, as entrepreneurs must overcome hurdles in scaling operations, finding talent and securing funding. Drawing on survey responses from more than 1,200 executives worldwide, we offer targeted and comprehensive analysis of the issues facing these companies worldwide. U.S. innovation hubs have their own unique set of dynamics as revealed in our 11 U.S. regional reports .
The study also explored the experience of female executives. To hear their stories, visit our Women in Technology Leadership page or see our 2014 findings .
In our patent reform report, we’ve summarized what we heard from more than 1,000 executives of leading software, healthcare, hardware and cleantech companies across the US. We also offer our views, as bankers who work closely with many of these companies, on the principles thatshould guide Congress as it moves forward.
Download the Patent Reform Report (PDF)
Responses from executives in the D.C. metro area in part reflect national trends, with plans to grow, hire and leverage a variety of sources of private capital. Respondents in the D.C. metro area are some of the most optimistic in the country about business conditions in the year ahead.
Download the D.C. Report
The Mid-Atlantic region reflects national trends, with plans for growth, hiring and general optimism about the year ahead, despite the lowest rate of companies reaching their revenue targets in in 2013.
Download the Mid-Atlantic Report (PDF)
Responses from Midwestern executives reflect national trends including high levels of optimism, increased hiring and challenges finding employees with STEM skills. The region differs from elsewhere in the US, however, when it comes to lower levels of performance, raising capital and selling overseas.
Download the Midwest Report (PDF)
Responses from New England-based executives in part reflect national trends, with plans for growth, hiring and raising capital. But the region differs from elsewhere in the United States with lower levels of optimism — the lowest in the nation, in fact —greater usage of venture capital and more engagement with global markets.
Download the New England Report (PDF)
Things are going well for the innovation sector in New York, and in some cases even better than in Silicon Valley, according to the state’s tech executives. While 2013 performance was on par with the national average, New York respondents were some of the more optimistic in the nation. A larger percentage successfully raised capital in 2013, while more companies plan to hire, relative to other US regions.
Download the New York Report
Download the North California report
Responses from executives in the Northwest in part reflect national trends, with plans for growth and hiring. But the region differs from elsewhere in the US with lower levels of optimism — one of the lowest in the nation, in fact — the most challenging hiring environment, and the lowest proclivity for engaging international markets for production, service and R&D.
Download the Northwest report
Download the Southeast Report (PDF)
Responses from executives in the Southeast in part reflect national trends related to optimism, hiring and the need for workers with STEM skills. The region differs from elsewhere in the US with higher than average performance and different sources of funding. Executives in the Southeast were the least likely in the nation to cite venture capital as their next source of funding.
Download the Southern California Report
Responses from executives in the Southwest revealed significant momentum in the region. While the innovation economy is experiencing a surge around the world, it is especially active in the Southwest with the highest rate of U.S. hiring, better than average performance, high levels of optimism and the nation’s best success rate in raising private capital in 2013.
Download the Southwest Report
Executives in Texas are the most optimistic in the nation about the year ahead, and are the most likely among U.S. innovators to tap overseas markets for production, service and R&D. They are hiring, although slightly less than their peers in other regions, and were the most likely across the U.S. to raise capital from private equity investors (rather than venture or angel capital).
Download the Texas Report
Silicon Valley Bank asks executives of innovation companies annually how things are going, whether they're planning to hire, and how government policies are affecting their growth. This year’s global survey was conducted online on our behalf by a third-party firm, Q&A Research, from January 8 through January 29, 2014.
Results for Silicon Valley Bank's Innovation Economy Outlook Study 2014 were collected from a sample of 1,218 executives around the world. Of these, 1,004 are with U.S. companies, 100 with U.K. companies and the remaining 114 with companies located in other markets around the world.
The vast majority of respondents come from the C-suite: 56% are CEOS, 18% are CFOs and 9% are other C-level executives.
The largest concentration of responses comes from the software sector (59%), followed by healthcare (22%), hardware (9%), cleantech (4%) and other industries (6%).
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