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Monday, 22 August 2011

Top European corporate R&D investors set to increase innovation efforts by 5% a year

Top R&D investing companies based in the EU expect their global research and development (R&D) investments to grow by 5% annually from 2011 to 2013. This is more than double last year's expectations, and represents a significant upturn from the 2.6% R&D cuts in investment implemented by these companies in 2009. The companies surveyed also revealed that an average of 27% of their annual sales comes from innovative products introduced in the past three years, demonstrating again that innovation is the key to commercial success and to job creation.

These figures were published by the European Commission in its sixth EU Survey on R&D Investment Business Trends, a survey of the R&D investment expectations of the 1000 European companies which invest most in R&D. […]

Companies surveyed expect their R&D investment inside the EU to grow 3% a year over the next three years. Although this rate is lower than the growth expected for their R&D investment in other world regions, the companies still expect to locate 75% of their investments in the EU. They expect to make the largest percentage increases in R&D investment in China (25%), Japan (17%), other European countries (8%), India (8%) and the US and Canada (5%). […]

In October 2011 the European Commission will publish its next EU Industrial R&D Investment Scoreboard, which ranks the biggest 1000 EU and 1000 non-EU companies investing in R&D on the basis of actual investments in 2010.