Delaware ranks 5th in data innovation according to the Center for Data Innovation.
Delaware has the third-highest concentration of IT jobs in the nation, a reflection of its technology-driven economy. The State is attracting a growing number of high-speed computing companies in the health care, national security and general business sectors through a dynamic public-private-academic partnership that facilitates research and development of innovative software and IT services.
The Delaware Technology Park provides companies with affordable, state-of-the-art facilities and access to resources. It is equipped with cutting-edge physical infrastructure, including wet labs, office space, conference facilities and a park-wide fiber optic network. DTP selects the best and the brightest based on technology and business focus, financial status and leadership capability.
DTP’s partner, the University of Delaware, is a major research institution with top-ranked computer science and engineering programs and an applied science focus that is transferable to the marketplace.
Delaware’s central location, well-established financial services industry and expanding healthcare industry, plus access to a talented pool of programmers, engineers and system analysts, are among the other advantages to setting up an IT business in the state. IT professionals are drawn to the area because of the outstanding quality of life and easy access to metropolitan hubs like New York, Philadelphia and Washington, D.C.
In the technology industry, companies derive most of their value from successful research and development, which is high-risk and expensive. That’s why Delaware offers a research and development tax credit. Delaware businesses are eligible to receive research and development tax credits on the state and federal level (twice the amount of other states). This offers substantial discounts on these important functions.
The DTP is a leading non-profit research park providing development-stage life science, information technology, advanced materials and renewable energy companies with access to the resources and connections needed to drive economic success. The 40-acre park is home to more than 50 companies, five state-of-the-art buildings and more than 1,000 employees.
Delaware Blockchain Initiative, a groundbreaking new project seeking to clarify the State’s law and welcome the blockchain industry into the state. All Delaware corporations (including a majority of the Fortune 500) may soon have the ability to issue shares using the same technology that underlies the virtual currency Bitcoin.
Delaware is one of the best states in the country to create high-paying jobs and promote innovation-friendly policies, according to the Consumer Technology Association’s (CTA) 2017 Innovation Scorecard.
A local entrepreneur has paired west-coast technology with a unique Delaware fiduciary law to create a mobile app that lets users safely store, track and share sensitive documents on a smartphone.