The 2010 EU Industrial R&D Investment Scoreboard is now available
Top EU R&D companies expect a 5% investment rise a year
Leading research and development (R&D) companies across Europe expect their global investment efforts to grow 5% per year from 2011 to 2013. This exceeds last year's expectations – set at 2% - and represents a significant upturn compared to 2009, when the same companies forecasted 2.6% cuts in their R&D investments. The findings were published on Wednesday 10 August in the annual survey carried out by the JRC Institute for Prospective and Technological Studies (IPTS).
It is the sixth EU Survey on R&D Investment Business Trends to analyse the R&D investment expectations of the 1000 European companies which invest most in R&D. A total of 205 companies responded, providing a substantial sample. 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.
R&D investment inside the EU is expected 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 look forward to locating 75% of their investments in the EU. The largest increase in R&D investment is foreseen for China (25%), Japan (17%), other European countries (8%), India (8%) the US and Canada (5%).
This trend – the same in three out of four previous surveys – shows that EU-based companies want to benefit from the growth in these countries while still retaining a strong overall focus on the EU. This is confirmed by the companies' figures for nominal R&D investment amounts, which are set to increase by €2.2 billion over the next three years in the EU and €2.7 billion outside the EU.
Key factors indicated as having a positive effect on innovation were the availability of qualified personnel and public support, such as grants and fiscal incentives. Collaboration with entities such as higher education institutions was also seen as important.