European companies have been more active in research and development latelyDecember 4, 2017
Hat: European companies have been more active in research and development lately
Funding Scheme: 2017-12-04
Pgm2014 2020: Yes
European companies have significantly increased their investment in research and development relative to the average global growth rate. This has been made possible thanks to the European Union’s research and innovation policies, including the Horizon 2020 programme and its pilot projects.
While the world’s top 2500 companies in terms of investment into Research and Development increased this investment by 5.8% over 2016, companies with headquarters in the EU did so by 7%, with growth driven mainly by the Information and Communication Technologies, health and automotive sectors.
The 2017 Industrial R&D Investment Scoreboard also shows that the total investment of the top 2500 industrial players worldwide amounted to 741.6 billion euro in 2016, of which 192.5 billion euro was invested by the EU companies. An important number of these world’s top industrial Research and Development players are based in the EU (567 out of 2500; with 822 in the US, 365 in Japan, 376 in China and 370 in the rest of the world).
Url description: DG Research and Innovation