bullseye-arrowInnovation Impact

chevron-rightDefinitionhashtag

Innovation Impact measures the number of innovation-related jobs per resident, capturing the per capita availability of high-quality employment opportunities. High values signal inclusive access to innovation-driven industries, supporting broad-based economic prosperity and upward mobility.

chevron-rightMethodologyhashtag

This KPI uses the ratio of innovation employment to residential population to measure the accessibility of high-value work.

  • Count the number of employees in innovation-classified businesses in a building group

  • Divide by the total number of residents living in that gro

chevron-rightCalculationhashtag

αimp(g)=i=1n(βiκi)g=1mδg \alpha_{\text{imp}}(g) = \frac{ \sum_{i=1}^{n} (\beta_i \cdot \kappa_i) }{ \sum_{g=1}^{m} \delta_g }

Where:

  • αimp(g)\alpha_{imp}(g) = Innovation Impact

  • i[1,n]i\in[1,n] = domain of values describing each geo-located business

  • βi\beta_{i} = Number of employees working in the business location (i)

  • κi\kappa_i = Boolean value describing whether the business is knowledge intensive

  • g[1,m]g\in[1,m] = domain of values describing each building group

  • δg\delta_g = Number of residents within a building group (g)

chevron-rightInterpretationhashtag
  • High scores mean innovation is broadly embedded in the local economy and workforce.

  • Moderate values may reflect a misalignment between innovation centers and residential density.

  • Low scores could indicate spatial inequality, with limited access to innovation-driven opportunity.

This KPI supports inclusive economic development and talent attraction strategies.

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