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The Joint Research Centre (JRC) is the European Commission's science and knowledge service which employs scientists to carry out research in order to provide independent scientific advice and support to EU policy.
Investment in research and development by companies based in the EU grew by 2.6% in 2013, despite the unfavourable economic environment. However, this growth has slowed in comparison to the previous year's 6.8%. It is also below the 2013 world average (4.9%), and lags behind companies based in the US (5%) and Japan (5.5%).
These results are published today in the European Commission's 2014 EU Industrial R&D Investment Scoreboard, which analyses the top 2500 companies worldwide, representing about 90% of the total business R&D expenditure. Data show that EU-based companies (633) invested €162.4 billion in 2013, whereas US-based companies (804) invested €193.7 billion and the 387 Japanese ones €85.6 billion.
The EU Industrial R&D Investment Scoreboard is published annually by the European Commission (DG Research and Innovation and DG Joint Research Centre). The 2014 Scoreboard is based on a sample of 2500 companies. The research collects companies' key R&D and economic indicators corresponding to the companies' latest published accounts. It measures the total value of their global R&D investment financed with their own funds, irrespective of the location where the relevant R&D takes place. It comprises companies that invested more than €15.5 million in R&D in 2013. They are based in the EU (633), the US (804), Japan (387) and other countries (676) including China (199), Taiwan (104), South Korea (80) and Switzerland (62). Thanks to the Scoreboard history database containing information on the top R&D companies since 2003, companies' behaviour and performance can be analysed over longer periods of time.
The 2014 EU Survey on Industrial R&D Investment trends is based on an extended sample of the top 1000 R&D investors located in the EU.