Global Outlook for R&D Upbeat

Written by Innovate New Albany@InnovateNA13 years ago

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One bright spot in the bleak economic news — global investment in research and development is expected to increase 3.6 percent to nearly $1.2 trillion this year.

According to a new report from Battelle Memorial Institute and R&D Magazine, R&D spending is not only stable, it’s growing and the United States continues to dominate the world in funding R&D as a share of global GDP with China coming in second.

The 2011 Global R&D Funding Forecast was based upon a survey of public and private sector researchers throughout the world. With 130 locations spanning the globe, Battelle, the world’s largest independent conglomerate, has contracts worth $6.5 billion annual for research it conducts with industry, academic and government clients in laboratory management, national security, energy, environment and materials sciences, and health and life sciences.

To see a recent Q&A with Carmin Gade, Battelle’s chief marketing communications officer, visit the Columbus Dispatch.

Innovate New Albany, the city’s incubator for technology startups, entrepreneurs and small businesses, features 16,000 square feet of space within the New Albany Business Park’s Signature Office Building, 8000 Walton Parkway.