Industry & Business

EU Companies Increase Research Investments in Global Technological Race

 Breaking News
  • OPW Prepared For No Deal Brexit “If there is a ‘crash-out’, we will be ready. We are working 24/7,” said Maurice Buckley (pictured), Chairman of the Office of Public Works (OPW) and Vice President of Engineers Ireland, about preparations for installing infrastructure at ports and airports in the event of a ‘no deal Brexit’. “Eighteen separate construction projects are now underway [...]...
  • Irish Builders Face Cost Hikes in UK Materials The vast majority of building materials used in the Irish construction sector are either sourced in the UK or enter Ireland through international distributors in Britain and represent a major risk for the industry, according to executives at the recent National Construction Summit in Citywest, Dublin – writes John Whelan (pictured above). And a huge majority of [...]...
  • Marketing Campaign Worth €1.2 Million Unveiled by Guaranteed Irish Guaranteed Irish, the not-for-profit business membership organisation championing 600+ homegrown and international businesses in Ireland, has unveiled a new marketing campaign worth €1.2 million, aimed at showcasing its members’ success. The campaign has been launched to coincide with Guaranteed Irish Month, an annual event running throughout March that shines a spotlight on businesses in Ireland [...]...
  • Jameson Enters the Top 10 Premium Spirits Brands in the World List Jameson Irish whiskey, which is produced by Irish Distillers at Midleton Distillery in Cork, has entered the top 10 of IMPACT magazine’s annual ‘Top 100 Premium Spirits Brands Worldwide’ list for the first time ever, after increasing sales 10% to a record 7.5 million nine-litre cases in 2018. In addition, Jameson scored its 18th consecutive year [...]...
  • Growth in Demand For Waste Handling Equipment Expected Sales of waste handling and processing equipment are conservatively expected to increase by 5% to 10% annually in unit terms over the next decade, and possibly beyond, according to a study being conducted by leading Birdhill and Rathcoole-based plant and equipment distributor, McHale Plant Sales. Conscious of the growing importance of waste management, and of the [...]...

EU Companies Increase Research Investments in Global Technological Race

EU Companies Increase Research Investments in Global Technological Race
December 19
09:32 2018

Companies in the European Union have increased their investment in research and development (R&D) for the eighth consecutive year, according to the new 2018 Industrial R&D Scoreboard published by the Commission. The findings show that EU companies’ 2017 R&D investments grew by 5.5% as compared to the previous year. In a telling sign of an ever more dynamic global technological race, the growth achieved by European companies is however outpaced by their US and Chinese counterparts, which have seen their R&D investment rise by 9% and 20% respectively.

Carlos Moedas, Commissioner for Research, Science and Innovation, said: “The Scoreboard is a timely reminder of Europe’s strengths and weaknesses in the world of corporate R&D. EU companies are leading the global technology race in strategic industrial sectors such as automobiles, pharma or aeronautics. But we come up short in the deep-tech areas that are shaping the next wave of innovation, such as artificial intelligence or new materials. That’s where the future European Innovation Council will play an important role, investing in companies with high risk and scaling-up potential that can create new markets.”

Tibor Navracsics, Commissioner for Education, Culture, Youth and Sport, responsible for the Joint Research Centre, added: “A strong knowledge base is key in making sure our companies can compete on a global scale. The Scoreboard shows that businesses choose to base their production and research and development activities where they find highly qualified, creative, entrepreneurial people and knowledge. That is why promoting professional and university education in leading scientific fields, notably science, technology, engineering and maths, is crucial to build a competitive, resilient Europe.”

In Europe, the growth in R&D investments in the last year has been driven by the automobile, health and ICT sectors. The Scoreboard also shows that the top 2,500 R&D investing global companies, among which 577 are European, have accounted for 90% of the world’s business-funded R&D, amounting to €736.4 billion in 2017 and achieving an increase of 8.3% compared to the year before. Reversing the global trend of previous years, the report also clearly shows that the growth in R&D investments has been accompanied by an increase in overall profits, recovered capital expenditures and a modest increase in generated employment.

About Author

admin

admin

Related Articles

New Subscriber

Subscribe Here



Advertisements





















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4