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VIDEO Series: Global Innovation 1000 New World Order

Author Barry Jaruzelski discusses where corporate R&D spending shifts have occurred and why.

According to Barry Jaruzelski, Kevin Schwartz and Volker Staack  having researched where companies spend their R&D money, contest thta innovation spending in the U.S. has held relatively steady as a share of global innovation spending, being due in part to companies from other countries increasing their R&D activity in the United States; Silicon Valley, in particular.

Innovation spending in Europe, in contrast, grew more modestly and unevenly, with some countries, such as France and the U.K., showing net decreases in domestic R&D spending from 2007 to 2015. More European companies are choosing to expand their R&D operations elsewhere, in both low-cost countries in Asia and high-cost countries such as the United States.

Worldwide, R&D spending by the Global Innovation 1000 companies — the 1,000 public corporations worldwide that spent the most on researching and developing products and services for their markets — rose 5.1 percent to $680 billion in 2015, the strongest increase in the last three years. Companies headquartered in the U.S., Europe, and Japan continued to account for a large majority of innovation spending: 86 percent in 2015.

Corporate R&D has become overwhelmingly global. According to the 2015 Global Innovation 1000 study, 94 percent of the world’s biggest innovators now conduct parts of their R&D programs abroad. But where they spend their R&D money has changed dramatically. Asia is now the top destination for corporate R&D spending, followed by North America and Europe.

Examination of R&D spending by the Global Innovation 1000 and the 10 Most Innovative Companies in 2015.

The 2015 Global Innovation 1000 fact pack

This report highlights key insights and figures about trends in R&D spending and where companies have shifted their corporate R&D programs since 2007.
Slide presentation of the most relevant findings from the 2015 Global Innovation 1000 study.

Interactive: Top 20 R&D spenders 2005–2015

This interactive graphic shows the 20 publicly-traded companies worldwide that spent the most on R&D in each of the past eleven years.

Interactive: Comparison of R&D spending by regions and industries

This interactive graphic compares region and industry R&D spending by all Global Innovation 1000 companies over the past eleven years.

About Dr. Ev D'aMigo; PhD

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