EU Scoreboard Reveals Need for Industrial R&D Champs

The top 500 industrial R&D spenders outside the European Union increased their R&D investment by 3.9% to E195.6 billion in fiscal 2003. In contrast, the EU top 500 cut their R&D spending 2.0% to E100.8 billion. Data from the just-released 2004 EU Industrial R&D Investment Scoreboard...

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Bibliographic Details
Published in:Research technology management 2005-03, Vol.48 (2), p.5-8
Main Authors: Moncada-Paternò-Castello, Pietro, Ciupagea, Constantin, Smith, Keith, Tübke, Alexander
Format: Article
Language:English
Subjects:
Automobile manufacturers
Automobiles
Business structures
Comparative analysis
Competition
Computer software
Economic conditions
European Union
Information technology
Investment companies
Investments
Microelectronics
PERSPECTIVES
Pharmaceutical industry
Polls & surveys
Ratios
Research & development expenditures
Securities sales
Statistical analysis
Subsidiary companies
Trends
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Summary:The top 500 industrial R&D spenders outside the European Union increased their R&D investment by 3.9% to E195.6 billion in fiscal 2003. In contrast, the EU top 500 cut their R&D spending 2.0% to E100.8 billion. Data from the just-released 2004 EU Industrial R&D Investment Scoreboard illustrate some of the difficulties facing European industrial companies as they strive to compete in today's fast-changing world. The Scoreboard compares R&D in the top 500 corporate R&D investors headquartered in the EU with the top 500 R&D-investing companies outside the EU. Scoreboard R&D investment is concentrated in a small group of large companies, a small number of sectors, and a small group of countries. R&D/sales ratios declined between 2002 and 2003 for both EU and non-EU companies. But these decreases have different causes; in the EU, R&D investment fell, whereas non-EU sales grew faster than R&D.
ISSN:0895-6308
1930-0166