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 Research and Development intensity of Virginia Universities

Measure Last Modified Sep 14 2018 12:18 Measure Last Published Mar 26 2019 12:51 Measure Status Retired Data Source and Calculation State R&D intensity measures R&D funded or conducted by federal and state agencies, businesses, higher education institutions, and non-profit organizations as a percentage of state gross domestic product (GDP). Data from the National Science Foundation, Science and Engineering Indicators 2014 State Data Tool, Table 40: http://www.nsf.gov/statistics/2016/nsb20161/#/singleind/39/T. Data are in current dollars. Available every two years in January. Enterprise Priorities and Strategies Enterprise Initiative Enterprise Priority Enterprise Strategy Economy Business Climate and Economic Development Promote Virginia’s competitive business climate to maintain the designation as the best state for business. StandIn X Associated Service Areas SA Code SA Name 53416 Commonwealth Research Commercialization Services StandIn X

Measure ID 934.0014 Measure Class Agency Key Measure Type Outcome Year Type State FY Preferred Trend Increase Frequency Annually Statistical Unit Percent

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

Measure Results Year Result Explanatory Note 2016 2.30 Lagging indicator reflective of loss of federal research dollars due to sequestration and end of federal fiscal stimulus. 2017 Data is on a four year lag available every two years (see Data Source and Calculation narrative). Data release expected on or before January 2019. 2018 2019 StandIn X

- Run Date: 09/14/2021 12:04:10