US Falling Further Behind in R&D Funding


scientists in research labFrom the ITIF e-newsletter – a Dec 2012 report by Battelle states that while the US and Europe will decrease R&D spending, global spending is forecast to grow by 3.7%, or $53.7 billion in 2013 to $1.496 trillion. The largest share of this increase, $22.9 billion, is expected to come from China, which continues its decade-long annual double digit increases in R&D investments. Through its Innovation 2020 strategy, China plans to invest $1.5 trillion over the next seven years on seven “strategic emerging industries,” namely: energy efficiency and environmental protection technologies; next generation information technology; biotechnology; high-end equipment manufacturing; new energy; new materials and alternative fuel vehicles.

Worth reviewing:

 innovationfiles.org-US_is_Falling_Further_Behind_in_Research_and_Development_Funding

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