Performance Measure

Agency Innovation and Entrepreneurship Investment Authority (934) All measures for this agency • Percentage of compliance to the Code of Virginia for legislated support services mandates. [93453416.002.001] • Ratio of CRCF Award Investment Compared to Follow-on Investment Associated with Awards [934.0017] • The number of Virginia university start-up companies [934.0005] • Amount of Venture & Angel Capital Dollars Attracted as a Result of the Center for Innovative Technology (CIT) Growth Acceleration Program (GAP) [934.0006] • Number of Localities Assisted by CIT Broadband Team [934.0008] • Number of Growth Acceleration Program (GAP) investments [934.0009] • The score given to the Center for Innovative Technology for its preparedness assessment [93400000.001.001] • Virginia's placement relative to all U.S. states for the amount of venture capital investments [93453415.001.001] • Percentage of achievement of the director's duties as described in the Governor's Executive Order 35 (2006) [93453420.001.001] • Investment conversion rate [93453415.001.002] • Ratio of the Center for Innovative Technology (CIT) Growth Accelerator Program (GAP) Dollars Invested in Commonwealth Technology Companies Compared to Private Sector Investment Dollars Obtained by the Company [93453415.001.003] • Number of Virginia Localities with Less than 80% Households with Broadband Access [934.0007] • Broadband Access [934.0002] • The number of new entrepreneurial firms in Virginia [934.0004] • Research and Development intensity of Virginia Universities [934.0014] • Number of Events Providing Exposure to and Engagement with the Center for Innovative Technology (CIT) Programs/Funding [934.0015] • Number of Regions Engaged in CIT Programs and Events [934.0016] • Number of Cyber Companies Assisted in the Center for Innovative Technology (CIT) Cyber Accelerator called MACH37 [934.0010] • The revenue from contracts and grants generated for technology assimilation services generated by the Center for Innovative Technology (CIT) Connect Team [934.0011] • Virginia US ranking [934.0012] • Increase in number of companies providing products/services [934.0013] • Venture & angel capital attracted as a result of a GAP Fund investment [934.0001] • Ratio of Virginia Research & Development dollars to the State's Gross Domestic Product (GDP) [934.0003] • Ratio of CRCF Awards to Matching Funds of at least 1:1 [934.0018]

Measure Name Ratio of Virginia Research & Development dollars to the State's Gross Domestic Product (GDP)

Measure Last Modified Apr 20 2017 04:34 Measure Last Published Mar 26 2019 12:51 Measure Status Retired Data Source and Calculation Data from the National Science Foundation, Science (NSF) and Engineering Indicators State Data Tool, and posted to Virginia's Innovation Dashboard. The information source can be found on www.cit.org under Initiative tab. Virginia Research & Development (R&D) intensity measures federal, business, university, other nonprofit, and state R&D performed as a percentage of state gross domestic product (GDP). This information is published with a 4 year lag and published on a calendar year basis. Enterprise Priorities and Strategies Enterprise Initiative Enterprise Priority Enterprise Strategy Economy Diversification Attract businesses to the Commonwealth that operate in new and growing fields in the 21st century economy. Targeted areas include cyber security and biosciences. StandIn X Associated Service Areas SA Code SA Name 53416 Commonwealth Research Commercialization Services 53419 Technology Industry Development Services StandIn X

Measure ID 934.0003 Measure Class Agency Key Measure Type Outcome Year Type Calendar Preferred Trend Increase Frequency Annually Statistical Unit Percentage

Baseline and Targets Target Name Date Result Note Baseline Short Target 2020 Long Target 2022 StandIn X

Measure Results Year Result Explanatory Note 2013 2014 2015 2016 2.00 This metric is on a 4 year lag and is updated every two years. The information reported reflects 2012 data. As a lagging indicator, this likely reflects the loss of federal research dollars mainly due to sequestration and the end of the federal fiscal stimulus. 2017 Measure replaced with Research and Development Intensity of Virginia Universities. StandIn X

- Run Date: 09/14/2021 12:04:47