Category: Draper Innovation Index News

BizWorld Updates Monthly Draper Innovation Index U.S.States Compete to Land in Top Ten of Best Places to Launch a Startup North Carolina and Colorado Overtake Georgia in DII US Top 10California Resumes Decline to 34th; New York Remains Steady at 47thAlaska, Idaho, and North Dakota Climb in DII US Top 20Nevada, Michigan, Virginia, Indiana, and Washington Sink in DII US Top 20South Carolina, Illinois, Massachusetts and Missouri GainMontana, Ohio, Georgia, and Nebraska Decline San Mateo, California – BizWorld announces the August 2026 update to the Draper Innovation Index U.S. (DII US), which evaluates each state’s innovation environment and entrepreneurship climate. Published monthly since 2021, the DII US provides the most well-rounded, up-to-date ranking of entrepreneurial locations, reflecting both traditional and emerging economic metrics, from taxes and regulations to venture capital investment, cryptocurrency friendliness, and blockchain investment trends. “With economic powerhouses like California (34th), Washington (19th), and New York (47th) continuing to decline, it signals a stark warning for legacy innovation hubs, proving that sheer market size cannot offset a punishing environment for brand-new ventures,” said BizWorld Founder Tim Draper. “Founders are prioritizing cost-efficiency and regulatory ease over legacy startup hubs. High living costs and heavy administrative friction in these large states are steadily funneling founders, talent, and capital toward faster-growing, more friendly innovation and investment ecosystems. Without structural relief for founders and investors, these states risk continuing loss of competitive edge to more agile markets.” Top Takeaways from the DII US August 2026 Update Key Risers: Alaska, South Carolina, Illinois, Massachusetts, MissouriKey Fallers: California, Montana, Ohio, Georgia, Michigan, Nebraska, Nevada, Virginia “Alaska delivered the single biggest jump on the DII US this month, leaping six spots straight to 13th place overall, a clear signal that the state is turning its unique economic landscape into a serious competitive advantage,” said BizWorld Chief Economic Advisor Dr. Wallace Walrod. “The Alaska Permanent Fund, which is a sovereign wealth fund from oil and mining revenues, is a quintessentially Alaskan innovation that other states could learn from. Driven by a strong surge in new business filings, steady resource revenues, and high levels of federal defense spending, Alaska proves that major innovation hubs don’t just belong in traditional coastal metros. As this underlying industrial strength blends with rising entrepreneurial activity, Alaska is rapidly positioning itself as a compelling destination for tech founders and investors.” The DII US will continue to post monthly updates which can be accessed here. About BizWorld BizWorld.org is a global non-profit organization based in San Mateo, CA, whose mission is to equip future generations with entrepreneurial life skills to unlock their potential and create economic opportunity. Founded over 25 years ago by Silicon Valley venture capitalist Tim Draper, BizWorld.org programs teach students real-world 21st century skills and leadership that encourage them to become responsible leaders and entrepreneurs of tomorrow. More than 850,000 students in more than 100 countries have participated in BizWorld programs. https://www.bizworld.org/

BizWorld Updates Monthly Draper Innovation Index U.S.States Compete to Land in Top Ten of Best Places to Launch a Startup Georgia Pulls Ahead of North Carolina and Colorado in DII US Top 10California Stalls and Massachusetts FallsMichigan Pulls Ahead of VirginiaNorth Dakota Leapfrogs Indiana and WashingtonMontana Breaks into DII US Top 20, Wisconsin Falls OutMontana, Nebraska, North Dakota Post Largest GainsSouth Carolina, Wisconsin, Minnesota, Oklahoma, and Rhode Island Post Largest Declines San Mateo, California – BizWorld announces the July 2026 update to the Draper Innovation Index U.S. (DII US), which evaluates each state’s innovation environment and entrepreneurship climate. Published monthly since 2021, the DII US provides the most well-rounded, up-to-date ranking of entrepreneurial locations, reflecting both traditional and emerging economic metrics, from taxes and regulations to venture capital investment, cryptocurrency friendliness, and blockchain investment trends. “What the DII US proves month after month is that capital and talent don’t care about legacy reputations anymore,” said BizWorld Founder Tim Draper. “As America celebrates its 250th year, the spirit of domestic competition is more alive than ever, and that’s a great thing. Look at Montana and Nebraska climbing the ladder, or Georgia aggressively stepping up its game—they are proving that the next Silicon Valley can be built anywhere lawmakers choose to trust the builders and get out of the way. If a state makes it easy to form a business and embraces emerging tech like crypto, entrepreneurs will flock there, while traditional heavyweights that choose to over-regulate are stalling out and watching the next generation of innovation happen somewhere else. Top Takeaways from the DII US July 2026 Update Key Risers: Georgia, Montana, Nebraska, North DakotaKey Fallers: South Carolina, Wisconsin, Minnesota, Oklahoma, Rhode Island, North Carolina, Colorado “Our metrics this month show that new business formation remains the ultimate buffer against broader macroeconomic headwinds,” said BizWorld Chief Economic Advisor Dr. Wallace Walrod. “Even as venture capital growth experiences localized volatility—particularly within the crypto and blockchain sectors—the states maintaining top-tier status are those that have successfully streamlined the regulatory friction required to launch a new startup.“ The DII US will continue to post monthly updates which can be accessed here. About BizWorld BizWorld.org is a global non-profit organization based in San Mateo, CA, whose mission is to equip future generations with entrepreneurial life skills to unlock their potential and create economic opportunity. Founded over 25 years ago by Silicon Valley venture capitalist Tim Draper, BizWorld.org programs teach students real-world 21st century skills and leadership that encourage them to become responsible leaders and entrepreneurs of tomorrow. More than 850,000 students in more than 100 countries have participated in BizWorld programs. https://www.bizworld.org/

BizWorld Updates Monthly Draper Innovation Index U.S.States Compete to Land in Top Ten of Best Places to Launch a Startup DII US Top 10 Sees Major Shakeup; Florida Retains 1st PlaceLegacy Tech Hubs California, Massachusetts, and New York All Register DeclinesEmerging Ecosystems Utah, Texas, Wyoming, North Carolina, Georgia, Arizona Rise in Top 10New Hampshire and Colorado Fall in Top 10Tennessee Breaks into DII US Top 10; South Dakota Falls OutOklahoma, Ohio, Pennsylvania, Rhode Island, and Wisconsin Post Largest GainsSouth Dakota, Kansas, and Washington See Largest Declines San Mateo, California – BizWorld announces the June 2026 update to the Draper Innovation Index U.S. (DII US), which evaluates each state’s innovation environment and entrepreneurship climate. Published monthly since 2021, the DII US provides the most well-rounded, up-to-date ranking of entrepreneurial locations, reflecting both traditional and emerging economic metrics, from taxes and regulations to venture capital investment, cryptocurrency friendliness, and blockchain investment trends. In the pursuit of continuing to integrate insightful, up-to-date information regarding state’s economic and business environments, the DII US has newly incorporated CNBC’s Top States for Business 2025 dataset. “California’s continued drop in the DII US is a monumental shift. While it still commands the highest overall venture capital growth, the state’s high cost of living and heavy regulatory burdens are actively driving entrepreneurs to look elsewhere to launch their startups,” said BizWorld Founder Tim Draper. “We are seeing the consequences of complacency in California. You cannot rely on a historical legacy of innovation if the current economic environment creates insurmountable barriers for new founders. Until the state addresses its core livability and regulatory issues, we expect this downward trend to continue.” the country – and globe.” Top Takeaways from the DII US April 2026 Update Key Risers: Utah, Texas, Wyoming, North Carolina, Georgia, Arizona, Oklahoma, Ohio, Pennsylvania, WisconsinKey Fallers: California, New York, Massachusetts, New Hampshire, Colorado, South Dakota, Kansas, Washington “This month’s DII US paints a clear picture: the old guard is struggling. With California, New York, and Massachusetts all slipping in the ranks, it’s evident that founders are no longer tethered to traditional coastal tech hubs and are instead flocking to states that offer better economic freedom and lower operational costs,” said BizWorld Chief Economic Advisor Dr. Wallace Walrod. “The simultaneous declines of New York, Massachusetts, and California signal a massive decentralization of American innovation. High taxes, strict regulations, and towering costs of living in these legacy states are suffocating new business formation, allowing agile, pro-business states in the Sunbelt and Mountain West to capture an increasing share of the startup market.” The DII US will continue to post monthly updates which can be accessed here. About BizWorld BizWorld.org is a global non-profit organization based in San Mateo, CA, whose mission is to equip future generations with entrepreneurial life skills to unlock their potential and create economic opportunity. Founded over 25 years ago by Silicon Valley venture capitalist Tim Draper, BizWorld.org programs teach students real-world 21st century skills and leadership that encourage them to become responsible leaders and entrepreneurs of tomorrow. More than 850,000 students in more than 100 countries have participated in BizWorld programs. https://www.bizworld.org/

BizWorld Updates Monthly Draper Innovation Index U.S.States Compete to Land in Top Ten of Best Places to Launch a Startup Colorado, North Carolina, and Georgia Climb DII US Top 10Texas, Wyoming, and Arizona DropMissouri Breaks into DII US Top 20, Alaska Rises, North Dakota FallsCalifornia, New York, and Massachusetts SteadyOhio, Colorado, Delaware, and Wisconsin Post Largest GainsMontana, Oklahoma, and Wyoming See Largest Declines San Mateo, California – BizWorld announces the May 2026 update to the Draper Innovation Index U.S. (DII US), which evaluates each state’s innovation environment and entrepreneurship climate. Published monthly since 2021, the DII US provides the most well-rounded, up-to-date ranking of entrepreneurial locations, reflecting both traditional and emerging economic metrics, from taxes and regulations to venture capital investment, cryptocurrency friendliness, and blockchain investment trends. “As always, new business formation (or the lack thereof) was a major factor this month,” said BizWorld Founder Tim Draper. “While states can’t directly create new entrepreneurs, one of the levers they can pull is the funding of entrepreneurial education. Young people have started some of the most iconic companies: think Steve Jobs and Apple, Walt Disney and his studio. The leading indicator of a state’s future economic competitiveness is the entrepreneurial mindset of its youth. Giving young people the tools and knowledge necessary to start their own businesses should be a priority for every state.  That is exactly the critical infrastructure BizWorld is building across the country – and globe.” Top Takeaways from the DII US April 2026 Update Key Risers: Colorado, North Carolina, Georgia, Ohio, Colorado, DelawareKey Fallers: Wyoming, Arizona, Montana, Oklahoma “The shifting landscape of our DII US Top Ten proves that no state has a permanent monopoly on innovation. Entrepreneurs are highly mobile, and they will naturally migrate to the environments that offer the most opportunity,” said BizWorld Chief Economic Advisor Dr. Wallace Walrod. “The states that are truly pulling ahead in our rankings are those embracing the future of finance, specifically cryptocurrency and blockchain. Colorado and Ohio are prime examples of how welcoming these new technologies attracts significant venture capital and drives economic momentum.” The DII US will continue to post monthly updates which can be accessed here. About BizWorld BizWorld.org is a global non-profit organization based in San Mateo, CA, whose mission is to equip future generations with entrepreneurial life skills to unlock their potential and create economic opportunity. Founded over 25 years ago by Silicon Valley venture capitalist Tim Draper, BizWorld.org programs teach students real-world 21st century skills and leadership that encourage them to become responsible leaders and entrepreneurs of tomorrow. More than 850,000 students in more than 100 countries have participated in BizWorld programs. https://www.bizworld.org/