Innovative companies overwhelmingly expect improving business conditions and growth in 2015, according to Silicon Valley Bank’s (SVB) sixth annual Innovation Economy Outlook study.
- 77% of innovative companies of all sizes expect to add new talent for the remainder of 2015.
- Of those planning to hire, 62% plan to increase their headcount by more than 20 percent.
- More than 75% of respondents met or exceeded their revenue targets in 2014.
- The percentage of respondents who accurately projected their growth targets has increased steadily since 2010.
- Optimism is high among innovative company executives.
- 71% of respondents expect business conditions to improve in 2015 over 2014.
- Only 3% of participants anticipate conditions getting worse, the lowest percentage since 2010 when the survey began.
- More than 66% of respondents indicated that their companies have generated revenue outside the U.S.
- 34% derived more than 20% of their revenues outside the US in 2014, and the expectations are higher for 2015.
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