Despite having a sizable pool of workers in industries typically associated with innovation, such as scientists and engineers, the Milwaukee area continues to fall behind its peers in attracting the venture capital investments needed to support local startups.

New data released Monday by the Wisconsin Policy Forum shows that the Milwaukee area is still ranked behind several other Midwest metro areas in a handful of categories linked to innovation. The organization’s newly updated Innovation DataTool considers several key areas: regional talent, idea development, capital formation, startups and small business development, and economic trends.

“Metro Milwaukee leads many peer metros in its concentration of worker talent in occupations linked to innovation and economic development, but is trending downward or lags its peers on key metrics like productivity, global exports, and venture capital investment,” according to the Wisconsin Policy Forum report.

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