The Mississippi Technology Alliance (MTA) has released the results of the fourth-annual Innovation Index, a report that presents Mississippi science and technology indicators featuring innovation goals, baselines and an annual performance process.
"The index is up to 480 this year, an 18% increase over last year and a cumulative improvement of 60% from baseline," said Andy Taggart, president and CEO of MTA. "This represents another leap forward as we are nearly halfway to achieving our 10-year goals for a sound technology-based economy in Mississippi."
The 2005 index value of 480 is preliminary because the U.S. Census Bureau will not release the current data used to calculate the value-added per manufacturing employee ratio until after July.
The MTA said the improvement in 2005 was primarily attributable to increased amounts of industry and university research and development, more royalties reported from university patents and licenses and a small increase in the number of scientists and engineers as a portion of the total workforce.