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R&D spend by the world’s top companies falls
R&D spend by the world’s top companies falls as global recession hits
By Peter Kerr for sticK
(sticK - Nov. 11 2010 )
Total R&D
spending among the world’s 1000 largest companies fell
3.5% to US$503 billion in 2009 compared to 2008. This is the
first fall in innovation spend since consulting firm Booz &
Company started compiling figures 13 years ago.
This followed a relatively strong 2008 during which R&D spending grew despite the global economic recession.
Apple, Google and 3M, known for their innovative practices weren’t in the top 10.
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For sticK – science, technology, innovation &
commercialisation KNOWLEDGE - is a new Wellington based
news service concentrating on following the money from ideas
to income. Contact editor Peter Kerr at peter.kerr055 @
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Peter Kerr
Message maker
Writer, communicator, simplifier, storyteller.
Versed in the art and science of translating something complicated into an understandable message.
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