04 Dec 2017
2017 Industrial R&D Investment Scoreboard: European companies increased investment into R&D
On 4 December 2017, the European Commission published the 2017 Industrial R&D Investment Scoreboard. The scoreboard shows that European Union firms have significantly increased their investments in research and development (R&D), rising above the world's average growth rate. While the world's top 2,500 companies in terms of investment into R&D increased this investment by 5.8% over 2016, companies with headquarters in the EU did so by 7%, with growth driven mainly by the ICT, health and automotive sectors.
Another result is that the total investment of the top 2,500 industrial players worldwide amounted to €741.6 billion in 2016, of which €192.5 billion was invested by the EU companies. An important number of these world's top industrial R&D players are based in the EU (567 out of 2,500; with 822 in the US, 365 in Japan, 376 in China and 370 in the rest of the world).
Carlos Moedas, Commissioner for Research, Science and Innovation, said: “The Scoreboard shows that EU companies continue to be major players in R&D investment, accounting for more than a quarter of the world's total. But to stay ahead in the global innovation race, Europe needs to ensure that new companies join the ranks of top players. This is why we will support the very best innovations through the European Innovation Council pilot under Horizon 2020, our research and innovation programme.”