inventionINDEX

Fueling Texas Growth | The Invention-GDP Connection

 

The innovationCAFE philosophy is grounded in a crucial economic truth: innovation drives prosperity. Groundbreaking analysis, including foundational research by Josheski and Koteski, provides a clear mandate for state and business leaders:

• Direct Causation: There is a proven, positive relationship between patent production growth and GDP growth in the long run.
• Universal Impact: The source of the patent—individual inventor, cutting-edge university, or multinational corporation—is secondary to its powerful, growth-inducing economic effect.

 

The invention index: Texas’s Strategic Compass

This core insight is the engine behind our proprietary analytical tool: the invention index.

The invention index is an equation based on the correlation between patent production growth rate and GDP growth. It serves as a critical metric to track a country’s (or state’s) success in recovering from an economic recession.

This insight provides a crucial advantage. Our year’s workshop series in Austin, Dallas, and Houston will educate local leaders on leveraging the invention index to:

• Benchmark Texas’s innovation levels against national and global competitors.
• Provide a critical tool for future strategic planning and resource allocation.

 

innovationCAFE Texas Insight Papers

The innovationCAFE series is dedicated to producing intelligent, insightful, and meaningful papers to positively impact the wider Texas economy. Our aim is to ensure all relevant stakeholders are aware of current innovation-related trends and their corresponding economic effects.

Building a prosperous future through Innovation.