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Minnesota

Innovation Scorecard

Total Patents

53,926

National Rank

#13

Top Category

Biotech & Life Sciences

YoY Growth

3.7%

Population

5,716,548

Patents / $B GDP

106

Patents / 100K Pop

943

Innovation DNA

Patent activity distribution across technology categories

Innovation Ecosystem

Economic and research indicators that shape Minnesota's innovation landscape.

State GDP

$508B

Median Income

$85,086

Unemployment

4.1%

Bachelor's+

40.0%

Per Capita Income

$74,943

Fed. Spending

$92.8B

NIH Grants

1,628

NSF Awards

181

SBIR/STTR

2,950

~$1045M awarded

Biz Formation

1,689/mo

STEM Workers

8.0%

245,018 employed

Sources: FRED, Census ACS, USAspending.gov, NIH RePORTER, NSF, SBIR.gov

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Patent Activity by Year

5,826
2016
6,098
2017
5,645
2018
6,195
2019
6,041
2020
5,347
2021
4,916
2022
4,967
2023
5,149
2024
3,742
2025

Top Patent Holders

RankOrganizationPatents
13M INNOVATIVE PROPERTIES COMPANY 4,101
2International Business Machines Corporation 3,910
3Medtronic, Inc. 2,485
4Seagate Technology LLC 1,382
5HONEYWELL INTERNATIONAL INC. 1,264
6Boston Scientific Scimed, Inc. 1,081
7Regents of the University of Minnesota 1,013
8Cardiac Pacemakers, Inc. 964
9ECOLAB USA INC. 933
10TARGET BRANDS, INC. 910

Technology Categories

Universities in Minnesota