📢 EU Companies Lead Global R&D Investment Growth – A Historic Milestone! The 2024 EU Industrial R&D Investment Scoreboard reveals groundbreaking developments in corporate research and innovation. 💡 Key Highlights: ➡️ For the first time since 2013, European companies have surpassed the US and China in R&D investment growth, increasing by 9.8% in 2023. ➡️ With a total of €247.7 billion invested, the EU ranks second globally in R&D private investment, trailing only the US, but outpacing China, Japan, and other regions. ➡️ Industries such as #automotive, #ICT, #health, and #energy are driving this growth, with EU companies dominating global automotive R&D investments. 🚗💻💊 🌱 Innovation for a Sustainable Future: EU is advancing toward a clean and digital economy, placing research and innovation (R&I) at the core of its strategy. Report underscores the critical need for: - Boosting private R&I investments. - Developing key sectors like ICT and health. - Addressing disparities across Member States to foster a thriving innovation ecosystem. 👩🔬 SMEs Making a Mark: Small and medium-sized enterprises (#SMEs) are stepping up, particularly in biotech and ICT, with notable contributions concentrated in countries like Sweden, France, Denmark, and Germany. 💬 From the Commissioner: #EkaterinaZaharieva, Commissioner for Startups, Research, and Innovation, stated: "Research and innovation investments will determine tomorrow’s economy, industry, and competitiveness. Solid innovation ecosystems will boost our start-ups and SMEs, contributing to shared prosperity." 📊 Sector Insights: ➡️ Over the past decade, automotive, ICT, health, and software sectors have accounted for over 75% of global R&D growth. ➡️ EU automotive companies lead globally, investing over twice as much as US and Japanese firms in 2023, and three times more than Chinese competitors. ➡️ However, the EU trails in ICT software R&D, where US firms dominate (70% of global investments). ➡️ The health sector boasts the highest number of companies in the top 2000 globally, though the EU is catching up with emerging Chinese firms. 🌍 Regional Overview: ➡️ Spread across 19 Member States, the EU top 800 companies grew R&D investment by 8.7%, with the automotive sector leading at 34.2%. ➡️ While SMEs are thriving in some countries, others, particularly widening Member States, remain underrepresented. 🔗 Explore the Full Report: https://lnkd.in/dgYKMAtw European Commission European Innovation Council and SMEs Executive Agency (EISMEA) European Health and Digital Executive Agency (HaDEA) The National Centre for Research and Development Ministerstwo Przemysłu CDTI Innovación - Centro para el Desarrollo Tecnológico y la Innovación Ministerio de Industria y Turismo
