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| 18 oct 2011 |
13:09 |
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Top EU firms increase investment in innovation, but lag behind global competitors
The European Commission's 2011 "EU Industrial R&D Investment Scoreboard" shows that R&D investment by top EU companies recovered strongly in 2010, with a 6.1% rise following a 2.6% decrease in 2009. However, data for the world's top 1400 companies show EU companies as a whole lagging behind major competitors from the US and some Asian economies on R&D growth. There was a general positive trend in 2010, as global R&D investment increased by 4%, a robust up-turn after the 1.9% drop observed in 2009.
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