R&D Funding Forecast: Industry Retakes Leadership Role
Source: Battelle/R&D Magazine
From press release:

Total funding for research and development (R&D) is expected to increase to $338 billion in 2007, an increase of 2.85 percent over the $329 billion funded in 2006. The overall increase is driven by industry funding and industrial performance, while federal support of R&D is expected to slow, according to the joint Battelle-R&D Magazine 2007 R&D Funding Forecast.

• The federal government is expected to spend $98.3 billion funding R&D efforts, a minor 1.8 percent increase over the $96.6 billion spent in 2006
• Industrial investments on R&D are expected to reach $219 billion in 2007, a healthy increase of 3.4 percent over 2006 levels of $212 billion.
• Academia and other non-profits make up the remaining expenditures on R&D with $20.8 billion for 2007. Academia is set to increase by 1 percent to $11.4 billion and non-profits are expected to increase by 3.6 percent to $9.4 billion.

+ Full Report (PDF; 1.44 MB)

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