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Innovation and Technology: Creating and Supporting New Ideas

How We Rank

  • Minnesota ranks fourth in the nation for its Technology and Science Workforce (Milken Institute, 2016), and 10th nationwide in individuals in science and engineering occupations as a percentage of all occupations (National Science Foundation, 2014).

  • Minnesota ranks fifth nationwide in employment in computers and electronic products manufacturing, and first in the concentration of medical device manufacturing employment.

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010 Innovation & Technology

  • Minnesota is home to more than 2,000 businesses in computer and electronics manufacturing (about 360 businesses), software publishers (about 630 businesses) and computer design and consulting services (about 1,060 businesses).

  • Minneapolis-St. Paul ranks as the 11th Top Tech City, according to a 2017 report by Cushman & Wakefield. 

  • The tech sector directly contributes an estimated 8.6 percent of the Minneapolis economy. The tech industry in Minneapolis is comprised of 4,500 establishments that employ almost 120,000 workers earning an average wage of more than $98,000. The leading tech industry areas are IT services and custom software services; measuring and control instruments manufacturing; engineering services; R&D and testing labs; and telecommunications services.

  • Resources and organizations, including the University of Minnesota’s Technological Leadership Institute and its Office for Technology Commercialization; trade organizations such as the Minnesota High Tech Association and LifeScience Alley; and other non-profits such as MinneAnalytics support an environment for growth and innovation in technology and tech talent.

  • Saint Paul ranks as the 12th best city for women working in technology on the 2017 list of Best Cities for Women in Tech by SmartAsset. 

  • Minnesota is a leader in the Internet of Things (IoT), based on its fast-growing, networked IoT community, its tech-savvy workforce with multigenerational expertise and its role as a creative idea incubator and patent powerhouse.

  • Innovation Leader magazine ranked Minneapolis in the top 10 U.S. Cities for corporate innovation in 2017.

  • Minnesota frequently ranks in the top 10 in innovation and technology:
  • 7th in Technology and Sciences Business Strength (Milken Institute 2016 State)
  • 9th Most Innovative State nationwide (Bloomberg, 2016)
  • 9th in Technology and Innovation (CNBC, 2016)
  • Minnesota ranks second among Midwest states in venture capital, receiving $495 million in 2017. Leading recipient industries were health care ($240 million) and internet ($225 million).
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