EurActiv – R&D investments in Europe were less affected by the crisis than in the US but EU firms are lagging behind their rivals in key sectors for innovation, the European Commission warned on Tuesday (26 October).
But despite this, the amount European firms invested in R&D only fell by 2.6%, significantly less than the 5.1% drop of US companies, the Commission said. Meanwhile, the worldwide reduction was just 1.9%, largely thanks to growth in the Asian ‘tiger’ economies.
Less EU companies – especially newly-formed ones – can be found in R&D-intensive sectors such as biotechnology, explaining the overall difference in investment compared with the US. more> http://tinyurl.com/2g553gm