23 December 2010 14:22 [Source: ICIS news]
By Joe Kamalick
In its annual global R&D funding forecast, Battelle Memorial Institute (BMI) said that worldwide spending on research and development was beginning to recover from recession, although the availability of private sector and government money for research will vary across the globe.
“Reflecting recent trends, prospects for R&D funding vary by region, with the
Total global spending on R&D is anticipated to increase 3.6% in 2011 from 2010 to almost $1,200bn (€912bn), according to a study that Battelle conducted in cooperation with R&D Magazine.
“With Asia’s stake continuing to increase, the geographic distribution of this investment will continue a shift begun more than five years ago,” Battelle said, referring to the shift of R&D resources to
But while the
US public and private sector funding for research and development totalled $395.8bn in 2010 and is forecast to increase by 2.7% next year to $405.3bn.
“Among the global research communities, the state of R&D in the EU is the most concerning,” the report noted. “Challenged by weak economies in
Lower R&D spending by governments and the private sector pose significant long-term concerns, Battelle said.
“The scale and significance of research and development in
At the same time, said Battelle, industrial, academic and even western government R&D organisations are increasingly establishing and supporting substantial R&D facilities throughout
Battelle president and chief executive Jeffrey Wadsworth warned that trends in Asian - and especially China’s - R&D spending and education funding for the sciences could further close the distance between China and the US as the leading R&D nation.
“Now second only to the
“Underinvestment in STEM education, when coupled with a huge number of retiring ‘Baby Boomer’ scientists and engineers, is creating a national ‘innovation crisis’ for the
The Battelle study concludes that “These factors could make it more difficult for the
Battelle is the world’s largest independent R&D organisation. It manages seven national laboratories for the US Department of Energy and the Department of Homeland Security.
($1 = €0.76)
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