Venture Capital
Venture capital disbursed per $1,000 of State GDP
What does this mean?
Venture Capital Disbursed Per $1,000 of State GDP allows for comparisons across states.
Why does this matter?
Availability of start up capital helps launch small innovative companies into high growth stages.
North Carolina Ranking
15 / 51
* Source: National Science Foundation
Region Comparison
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Venture Capital
Venture Capital
| State | 1999-01 | 2000-01 | 2001-01 | 2002-01 | 2003-01 | 2004-01 | 2005-01 | 2006-01 | 2007-01 | 2008-01 | 2009-01 | 2010-01 | 2011-01 | 2012-01 | 2013-01 | 2014-01 | 2015-01 | 2016-01 | 2017-01 | 2018-01 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Alabama | 21.91 | 282.62 | 311.72 | 219.42 | 385.98 | 637.09 | 39.62 | 174.18 | 242.75 | 142.45 | 131.28 | 214.53 | 91.98 | 313.80 | 111.60 | 930.43 | 472.06 | 335.89 | 940.25 | 73.31 |
| Alaska | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 75.42 | 0.00 | 511.91 | 21.33 | 13.42 | 1,660.22 | 0.00 | 0.61 | 49.72 | 0.00 |
| Arizona | 153.92 | 1,089.11 | 457.45 | 345.96 | 391.65 | 439.29 | 643.65 | 1,218.78 | 1,112.95 | 1,126.47 | 720.17 | 511.10 | 1,078.90 | 1,685.83 | 1,364.83 | 1,647.69 | 954.00 | 945.06 | 1,862.72 | 2,683.22 |
| Arkansas | 179.60 | 0.00 | 33.99 | 54.09 | 14.32 | 17.96 | 11.61 | 194.95 | 262.82 | 11.12 | 43.89 | 116.63 | 41.38 | 99.13 | 1,117.97 | 433.53 | 377.64 | 337.08 | 239.67 | 326.04 |
| California | 7,980.53 | 15,706.69 | 8,042.81 | 6,294.13 | 5,474.53 | 5,868.96 | 6,354.18 | 7,464.86 | 8,367.34 | 9,343.17 | 7,086.20 | 7,369.30 | 10,823.28 | 9,487.44 | 9,460.94 | 15,811.11 | 17,301.77 | 15,642.98 | 15,048.79 | 22,293.43 |
| Colorado | 6,676.49 | 10,227.95 | 3,386.33 | 1,896.13 | 2,101.85 | 2,087.95 | 3,225.49 | 3,046.98 | 2,805.96 | 5,546.14 | 3,098.75 | 2,694.35 | 2,854.95 | 3,048.22 | 2,426.04 | 3,791.59 | 3,892.25 | 3,071.65 | 3,116.80 | 3,980.12 |
| Connecticut | 1,885.48 | 4,968.38 | 1,254.22 | 1,340.23 | 1,070.03 | 734.92 | 874.76 | 1,082.78 | 2,647.73 | 1,166.16 | 880.27 | 1,233.02 | 1,317.41 | 1,742.94 | 1,591.64 | 3,424.33 | 1,746.41 | 788.09 | 2,495.87 | 2,819.79 |
| Delaware | 309.68 | 643.02 | 161.47 | 349.01 | 590.43 | 610.31 | 2,872.07 | 1,187.83 | 874.57 | 828.10 | 590.81 | 194.44 | 294.08 | 1,380.70 | 1,071.93 | 515.34 | 3,793.87 | 1,511.94 | 2,058.56 | 2,884.24 |
| District of Columbia | 339.61 | 5,269.90 | 1,799.71 | 1,164.23 | 1,524.77 | 558.83 | 1,071.45 | 845.83 | 644.25 | 532.88 | 681.60 | 2,708.16 | 6,024.93 | 715.03 | 4,411.31 | 2,413.37 | 2,123.47 | 3,312.51 | 4,467.42 | 4,252.35 |
| Florida | 1,515.69 | 2,478.32 | 539.45 | 487.80 | 440.58 | 622.11 | 475.70 | 639.74 | 808.21 | 586.43 | 443.70 | 534.38 | 736.10 | 901.95 | 1,297.97 | 1,625.34 | 970.31 | 1,527.84 | 2,098.90 | 1,651.89 |
| Georgia | 1,506.54 | 3,294.31 | 1,402.72 | 1,710.67 | 755.79 | 1,448.52 | 1,069.07 | 992.78 | 1,299.90 | 973.11 | 985.34 | 1,099.18 | 1,098.74 | 1,166.77 | 1,742.39 | 1,459.80 | 2,060.74 | 878.74 | 2,105.08 | 1,447.48 |
| Hawaii | 22.93 | 0.00 | 31.47 | 306.51 | 43.94 | 444.18 | 510.84 | 661.27 | 333.87 | 765.42 | 284.97 | 915.00 | 522.11 | 482.31 | 407.98 | 308.18 | 160.00 | 277.52 | 332.20 | 9.35 |
| Idaho | 0.00 | 52.64 | 115.82 | 275.60 | 75.85 | 15.55 | 158.46 | 143.40 | 413.91 | 472.94 | 293.07 | 76.49 | 382.38 | 163.42 | 224.52 | 248.21 | 1,115.03 | 54.68 | 1,429.28 | 548.67 |
| Illinois | 481.75 | 1,791.62 | 857.58 | 619.77 | 393.99 | 329.13 | 427.75 | 737.10 | 639.16 | 1,425.99 | 450.26 | 1,626.68 | 3,077.31 | 1,182.78 | 1,051.54 | 2,004.66 | 1,847.32 | 1,602.75 | 2,553.51 | 2,297.77 |
| Indiana | 6.84 | 273.33 | 86.52 | 331.26 | 114.19 | 290.04 | 120.91 | 190.63 | 681.02 | 517.29 | 1,330.36 | 531.48 | 662.82 | 418.04 | 298.69 | 850.85 | 510.79 | 489.35 | 553.13 | 1,006.83 |
| Iowa | 29.66 | 65.03 | 31.66 | 51.73 | 14.28 | 10.29 | 4.75 | 416.52 | 265.59 | 234.34 | 125.58 | 304.84 | 426.82 | 359.30 | 248.78 | 500.49 | 135.98 | 161.07 | 313.42 | 459.64 |
| Kansas | 114.84 | 755.01 | 17.99 | 31.45 | 34.57 | 373.79 | 51.86 | 9.50 | 126.17 | 894.33 | 7.16 | 414.26 | 729.26 | 242.67 | 472.28 | 344.09 | 791.02 | 177.16 | 673.65 | 893.61 |
| Kentucky | 501.74 | 975.56 | 70.85 | 32.90 | 47.49 | 201.05 | 1,481.26 | 590.44 | 895.67 | 129.67 | 752.34 | 710.85 | 126.81 | 322.40 | 118.67 | 343.45 | 191.70 | 461.45 | 772.12 | 319.77 |
| Louisiana | 39.69 | 79.81 | 70.80 | 2.01 | 13.80 | 50.21 | 27.08 | 34.84 | 124.13 | 115.27 | 173.14 | 122.30 | 137.82 | 88.78 | 357.78 | 49.61 | 2,266.80 | 57.78 | 365.92 | 109.71 |
| Maine | 0.00 | 2,242.07 | 24.67 | 358.60 | 137.67 | 108.03 | 643.27 | 545.06 | 548.54 | 229.32 | 1,201.42 | 514.01 | 2,502.94 | 673.30 | 1,131.44 | 2,083.58 | 1,627.56 | 414.74 | 4,107.58 | 570.93 |
| Maryland | 1,937.49 | 6,064.78 | 2,096.91 | 1,858.05 | 1,606.02 | 1,412.13 | 2,126.35 | 2,251.10 | 1,769.88 | 1,809.77 | 1,220.83 | 1,639.27 | 2,605.61 | 1,328.92 | 1,758.80 | 1,687.26 | 2,669.26 | 1,734.97 | 1,645.24 | 3,242.44 |
| Massachusetts | 8,509.66 | 19,444.65 | 9,322.58 | 7,861.08 | 7,580.84 | 10,061.51 | 7,344.57 | 8,755.32 | 10,877.97 | 9,801.28 | 7,354.86 | 9,485.82 | 10,011.30 | 10,117.84 | 10,889.81 | 11,312.61 | 16,605.12 | 13,999.55 | 16,787.18 | 21,490.09 |
| Michigan | 99.66 | 309.95 | 137.64 | 253.90 | 270.44 | 310.78 | 417.27 | 279.78 | 495.03 | 1,056.04 | 1,751.68 | 848.29 | 716.87 | 880.30 | 632.28 | 895.71 | 876.58 | 548.63 | 729.93 | 901.18 |
| Minnesota | 951.79 | 3,095.89 | 1,593.29 | 1,336.42 | 1,070.94 | 1,246.73 | 886.84 | 1,103.45 | 1,706.55 | 1,866.46 | 1,552.01 | 1,157.86 | 1,374.21 | 1,434.20 | 1,569.22 | 1,327.87 | 1,724.07 | 1,482.59 | 1,596.20 | 2,080.27 |
| Mississippi | 0.00 | 137.10 | 343.14 | 751.89 | 40.91 | 12.30 | 179.39 | 273.67 | 499.79 | 248.23 | 57.83 | 825.67 | 23.04 | 469.01 | 8.26 | 16.30 | 13.61 | 65.49 | 1.36 | 9.73 |
| Missouri | 3,190.67 | 1,212.94 | 357.53 | 236.17 | 351.01 | 235.41 | 280.90 | 593.86 | 532.27 | 517.60 | 400.67 | 363.65 | 1,165.85 | 342.61 | 584.31 | 1,104.28 | 922.15 | 718.48 | 1,096.76 | 2,078.46 |
| Montana | 6.72 | 1,025.36 | 30.63 | 0.00 | 3.90 | 99.86 | 37.67 | 0.00 | 95.64 | 796.19 | 161.74 | 67.80 | 280.44 | 252.11 | 321.97 | 733.23 | 721.82 | 1,975.85 | 2,066.32 | 1,222.18 |
| Nebraska | 493.58 | 1,284.86 | 649.10 | 0.00 | 70.31 | 0.00 | 219.18 | 353.68 | 36.57 | 43.07 | 11.06 | 144.10 | 270.95 | 242.20 | 197.39 | 518.18 | 1,385.41 | 321.66 | 757.51 | 219.41 |
| Nevada | 89.47 | 144.86 | 3.98 | 125.92 | 38.56 | 415.05 | 580.03 | 291.28 | 58.28 | 77.06 | 236.31 | 232.12 | 225.25 | 229.92 | 494.94 | 1,206.28 | 398.13 | 829.32 | 944.33 | 469.53 |
| New Hampshire | 1,051.34 | 5,778.31 | 2,375.08 | 3,039.50 | 2,177.39 | 1,531.77 | 1,616.27 | 1,142.03 | 2,744.97 | 4,095.60 | 2,239.21 | 1,484.13 | 1,428.53 | 2,971.53 | 1,680.35 | 2,152.03 | 2,328.90 | 1,806.46 | 763.87 | 1,008.83 |
| New Jersey | 2,835.70 | 3,347.31 | 2,678.32 | 1,460.56 | 2,022.71 | 1,763.02 | 1,268.25 | 1,863.76 | 2,236.30 | 2,179.08 | 1,250.51 | 1,177.67 | 1,326.41 | 1,344.71 | 748.51 | 1,326.44 | 1,808.59 | 955.61 | 1,016.11 | 1,331.64 |
| New Mexico | 0.00 | 1,225.17 | 107.17 | 2,340.84 | 1,597.88 | 262.40 | 1,041.88 | 297.57 | 1,482.01 | 694.54 | 38.28 | 318.97 | 769.29 | 484.46 | 654.67 | 557.65 | 1,380.99 | 201.53 | 1,354.66 | 579.78 |
| New York | 1,799.80 | 3,323.54 | 1,068.37 | 643.26 | 614.37 | 659.92 | 1,061.01 | 1,231.69 | 1,423.09 | 1,966.89 | 1,103.68 | 1,785.49 | 2,724.83 | 2,084.75 | 3,499.89 | 4,672.26 | 6,002.54 | 6,061.99 | 6,781.73 | 8,246.22 |
| North Carolina | 2,080.33 | 3,456.91 | 1,159.05 | 1,332.73 | 1,117.14 | 1,033.78 | 1,241.93 | 1,057.33 | 1,411.01 | 1,564.53 | 858.06 | 1,930.73 | 1,132.24 | 1,014.65 | 1,419.84 | 1,286.23 | 2,673.94 | 1,242.86 | 1,833.17 | 4,322.17 |
| North Dakota | 0.00 | 0.00 | 0.00 | 0.00 | 402.23 | 410.05 | 255.56 | 1.91 | 88.91 | 519.20 | 9.37 | 163.44 | 27.44 | 46.74 | 440.59 | 80.45 | 36.95 | 64.01 | 0.19 | 29.79 |
| Ohio | 251.17 | 655.34 | 335.77 | 301.84 | 261.56 | 254.34 | 288.27 | 315.79 | 699.91 | 5,430.37 | 363.24 | 434.26 | 478.88 | 1,043.10 | 762.20 | 1,067.33 | 913.13 | 643.70 | 603.96 | 1,473.17 |
| Oklahoma | 0.00 | 0.00 | 1.55 | 278.33 | 77.91 | 137.87 | 92.32 | 368.17 | 150.46 | 442.88 | 194.19 | 90.84 | 328.90 | 320.32 | 78.74 | 230.16 | 496.68 | 94.73 | 81.29 | 334.19 |
| Oregon | 845.41 | 4,672.43 | 2,385.59 | 1,063.27 | 948.10 | 1,415.82 | 772.50 | 640.08 | 1,090.69 | 1,294.21 | 1,089.82 | 1,170.25 | 2,391.32 | 1,283.89 | 6,667.08 | 1,682.49 | 1,173.26 | 1,647.90 | 1,681.12 | 2,194.45 |
| Pennsylvania | 1,275.08 | 3,436.97 | 2,384.81 | 941.63 | 1,092.51 | 1,374.75 | 1,041.37 | 1,257.25 | 1,934.11 | 1,215.01 | 1,284.20 | 1,282.74 | 1,260.32 | 1,266.53 | 1,092.45 | 1,977.96 | 1,416.27 | 1,884.68 | 1,363.73 | 1,927.54 |
| Rhode Island | 34.06 | 1,342.57 | 424.26 | 1,272.95 | 1,661.66 | 1,574.94 | 1,749.26 | 2,432.30 | 475.48 | 921.50 | 469.72 | 1,646.09 | 887.28 | 2,560.51 | 2,267.81 | 1,212.32 | 3,667.39 | 767.92 | 1,351.95 | 821.52 |
| South Carolina | 39.46 | 1,251.66 | 746.85 | 69.10 | 636.89 | 48.46 | 203.55 | 78.72 | 768.62 | 97.96 | 197.51 | 454.48 | 111.35 | 267.43 | 248.12 | 522.69 | 353.60 | 134.85 | 421.64 | 309.05 |
| South Dakota | 1,757.64 | 440.70 | 0.00 | 45.56 | 10.93 | 0.00 | 0.00 | 0.00 | 227.65 | 30.82 | 60.79 | 0.00 | 0.00 | 280.12 | 266.21 | 252.30 | 224.32 | 140.32 | 46.77 | 130.09 |
| Tennessee | 245.76 | 203.71 | 288.04 | 466.80 | 451.40 | 540.22 | 563.48 | 269.12 | 788.78 | 481.94 | 501.63 | 269.91 | 736.42 | 848.44 | 1,104.05 | 1,819.14 | 952.62 | 1,026.90 | 549.51 | 710.44 |
| Texas | 1,524.07 | 5,113.19 | 2,396.46 | 1,417.07 | 1,427.33 | 1,320.39 | 1,154.57 | 1,354.53 | 1,429.53 | 1,356.36 | 1,220.92 | 1,218.89 | 1,406.53 | 1,382.58 | 1,885.31 | 1,574.22 | 1,404.86 | 1,202.84 | 1,293.17 | 1,639.62 |
| Utah | 1,793.77 | 3,726.88 | 2,559.34 | 1,278.96 | 886.56 | 2,827.47 | 1,595.84 | 2,303.25 | 2,303.38 | 3,649.44 | 1,866.89 | 1,786.69 | 2,734.81 | 2,558.87 | 3,210.16 | 7,379.85 | 4,296.57 | 5,978.58 | 5,883.96 | 5,142.27 |
| Vermont | 0.00 | 218.44 | 830.13 | 14.88 | 0.47 | 328.69 | 0.00 | 143.56 | 708.99 | 2,585.87 | 418.66 | 4,441.12 | 2,823.53 | 668.47 | 1,965.02 | 2,544.93 | 1,286.59 | 510.19 | 511.60 | 798.52 |
| Virginia | 2,097.73 | 6,605.89 | 2,530.23 | 1,072.13 | 1,114.39 | 817.45 | 1,283.90 | 1,234.65 | 1,478.86 | 1,877.67 | 862.40 | 1,170.01 | 1,457.29 | 1,015.78 | 1,389.85 | 1,183.49 | 1,126.08 | 1,219.72 | 1,696.61 | 1,541.89 |
| Washington | 3,690.27 | 4,628.18 | 3,576.97 | 2,538.79 | 1,681.43 | 3,646.34 | 3,037.27 | 5,598.69 | 4,948.09 | 3,122.71 | 3,220.49 | 2,002.75 | 2,006.17 | 4,516.93 | 3,130.10 | 4,174.20 | 4,356.37 | 3,256.06 | 3,406.63 | 5,338.41 |
| West Virginia | 35.86 | 20.65 | 17.05 | 11.00 | 25.28 | 62.92 | 35.49 | 76.07 | 105.40 | 28.20 | 27.00 | 57.45 | 39.55 | 228.25 | 400.07 | 0.56 | 66.68 | 101.99 | 30.78 | 40.40 |
| Wisconsin | 178.74 | 1,145.29 | 280.41 | 179.92 | 186.08 | 373.39 | 380.91 | 371.39 | 346.60 | 395.57 | 211.13 | 554.11 | 546.76 | 497.33 | 490.64 | 873.57 | 680.82 | 771.70 | 435.03 | 905.48 |
| Wyoming | 0.00 | 0.00 | 0.00 | 0.00 | 19.02 | 0.00 | 95.67 | 192.25 | 102.45 | 828.16 | 0.00 | 2.67 | 35.56 | 54.12 | 1,234.23 | 367.77 | 488.61 | 50.97 | 742.06 | 346.96 |
| U.S. Average | 1,394.81 | 2,966.86 | 1,263.35 | 1,044.87 | 861.44 | 1,043.11 | 1,060.74 | 1,173.12 | 1,322.24 | 1,520.70 | 991.81 | 1,226.50 | 1,495.38 | 1,304.56 | 1,568.91 | 1,885.99 | 2,095.81 | 1,637.08 | 2,020.76 | 2,390.28 |