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Startup Buzz: Innovation Is Now One Quarter of San Diego's Economy | Hatch

Hatch
Hatch
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Aug 8, 2017

CONNECT Analyzes San Diego's Innovation Economy

CONNECT released its 2016 San Diego Innovation Report and it shows continued growth in companies, funding, and jobs. In 2016, 477 innovation startups were launched in San Diego, the highest number to date. Software companies made up 280 of those new businesses. Venture funding was up 120% from 2015, with approximately $700 million going to 50 deals. At $55 billion, the innovation economy now makes up one quarter of San Diego's GDP. The number of jobs in the innovation economy is also growing, to 150,000 in 2016 with an average salary of...

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