New US business R&D projects expected to remain significant driver of investment in 2013, finds Industrial Research Institute R&D Trends Forecast; 89% of major corporations expect R&D investment to remain the same or increase
January 2, 2013
– Innovation leaders from a broad cross-section of industries are anticipating a period of managed growth in 2013, according to the 29th Annual R&D Trends Forecast conducted by the Industrial Research Institute (IRI). Specifically, new business R&D projects are expected to remain a significant driver of investment and the anticipation of increased alliances and partnerships on a global level suggests that industries are anticipating varying degrees of R&D and business growth.
“The expected increase in investments and hiring, coupled with a positive outlook on alliances and partnerships prove the R&D industry is moving in a positive direction.”
The survey, which was conducted in July and August of 2012, is based on feedback from R&D leaders from 114 medium to large corporations in various industries including Chemicals, Gases and Advanced Materials; Food, Tobacco and Related Products; Industrial Machinery, Equipment and Products; and Consumer Products, among others. Respondents were asked about their actual activity in the past year, their expected investment levels in the coming year, their plans for international dispersion of R&D facilities and their top concerns going into 2013.
“After reviewing this year’s R&D Trends Forecast, we’re optimistic that the new year will be one of continued and stable growth,” said Ed Bernstein, IRI president. “The expected increase in investments and hiring, coupled with a positive outlook on alliances and partnerships prove the R&D industry is moving in a positive direction.”
Highlights from the survey include the following:
About the Industrial Research Institute (IRI)
The Industrial Research Institute (IRI) is an organization of 200+ industrial and service companies having a common interest in the effective management of technological innovation. IRI member companies span diverse industries and represent a substantial portion of our nation’s gross domestic product. IRI is the only cross-industry organization creating innovation leadership solutions and best practices in innovation management developed through collaborative knowledge creation. IRI will celebrate its 75th anniversary in 2013. For more information, call 703-647-2580 or visit www.iriweb.org.
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