California: Measuring innovation

Two weeks ago, the Department of Commerce released an important new report on measuring innovation in the economy. The report sets forth recommendations on improving the measurement of innovation in the economy. A recent article in Business week provides an overview.

Egils Milbergs also provides some good background on the report here. (His blog is a good one on innovation.)

California Innovation Corridor has been focused on measuring innovation in the regional economy: 

Since January, 2006 a team that includes UC Riverside, led by the California Space Authority (CSA), has been determining the best practices of how industries in California are encouraging innovation. As part of the U.S. Department of Labor’s WIRED (Workforce Innovation in Regional Economic Development) Initiative, this project is teaming public universities (UC Riverside) with private universities (Stanford University) as they work together over three years to interview business leaders from the California Innovation Corridor, which stretches along coastal California from Alameda County south to San Diego County and includes Riverside and San Bernardino counties.

Read more.  

Other resources on the Department of Commerce report: 

• Here is a link to a Business Week video from the magazine's chief economist
• Here's a link to a podcast
• Here's a link to the full report
• Here's a link to the press release
• Here's a link to a fact sheet