2012 Global R&D Funding Forecast

2012 Global R&D FunDing FoRecast

❚ U.S. Industry R&D Increases 3.8% to $280 billion ❚ Growing Worldwide Emphasis on basic Research ❚ Global R&D Spending to Increase 5.2% to $1.4 Trillion ❚ Increasing Importance of R&D RoI and Collaboration

December 2011

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www.battelle.org

www.rdmag.com

Battelle and R&D Magazine are pleased to introduce our latest forecast of global R&D funding and related trends, including the results of our annual survey of researchers. Despite persistent challenges in the global economy, we are encouraged by the Forecast’s conclusion that commitments to innovation will continue to grow in 2012. We produce the Forecast as a public service that is intended to provide a forward-looking, global perspective on research and development. These insights are also vital to Battelle. As the world’s largest independent R&D organization, Battelle has been dedicated to advancing science and technology to benefit humankind for over 80 years, and we bring together world-class human and research assets to develop and commercialize technology and products for our clients in the Americas, Europe, the Middle East, and Asia. Each year, the global researcher survey reveals or confirms interesting trends. Among them in 2012 is the increasing importance of R&D collaboration at all scales. From new mechanisms for open innovation in life science, to multi-national collaborations like the ITER fusion energy experiment, it is clear that collaboration has become a preferred strategy for major science and technology projects. Globalization trends remain strong, with investment, research capabilities, and commercialization migrating to optimal locations, and new countries entering the mix of those committed to R&D as a national strategy. China’s profile as the second-largest sponsor of global R&D continues to increase, whether measured in terms of funding or generation of intellectual capital. Even so, with over $400 billion in annual R&D funding...