Issue link: http://endeavor.uberflip.com/i/528453
tHE CItY's CHallEngEs The state capital, as has already been said, is small and their local market too, despite having the highest GDP per capita of the analyzed capital. And yet it is worri- some that the city has hardly grown in recent years: between 2009 and 2011, the average real growth was equal to 0.9% per year, the second lowest rate. These macroeconomic factors impact in another obsta- cle: their low levels of funding. Both loan investments as those made specifically in the area of innovation could do better: the State Government applies approxi- mately 1% of their budget on Science & Technology and local businesses only invest in innovation, on average, more than those of Recife and Salvador. Vitória's challenge to innovate is mainly due to low investment. But also relates to the city's potential for generating ideas, which has few patents and connections between educational institutions and businesses, despite having a good number of re- searchers in local universities. The Ideas Factory, launched in June this year, aims to solve this chal- lenge; in an area of 10.800m 2 , training workshops focused on technology and creative economy will be offered, there will be an accelerator of technologi- cal entrepreneurs, shared workspaces and a govern- ment agency to facilitate bureaucratic procedures. The space also has an Expo-creative Shed for major events, an auditorium for 180 people and laborato- ries focused on creating products. tHE CItY's BEst praCtICE CasE Vitória has some of the best education indicators, a sign that there is high skilled labor To improve its innovation ranking the city needs to invest more and, also, strengthen the relationship between com- panies and universities. Despite being a reference in edu- cation, Vitória has the worst indicator of the university-in- dustry interface: only 1.7% of companies that innovate claim to have done so in partnership with universities, four times less than the average of the other cities. Vitória Southeast Best score for each pillar 5 4 6 7 8 9 59 Value Position Regulatory Enviornment 7.00 3 rd Infrastructure 7.15 3 rd Market Conditions 6.10 5 th Access to Capital 5.67 9 th Innovation 5.70 10 th Human Capital 7.47 9 th Culture 6.40 4 th Regulatory Environment Culture Infrastructure Access to Capital Innovation Human Capital Market Conditions