Food Engineering

Weak but stable growth predicted for R&D

Most growth will come from new-business projects

January 3, 2013

Farm bill on its last legs according to IDFA

Industrial Research Institute’s (IRI) 2012 R&D Trends Forecast predicts weak but stable R&D growth in 2013, with 89 percent of R&D managers expecting research investment to increase or remain the same and 11 percent expecting research budgets to decline. As in 2011, the largest growth will come from new-business projects, with 29 percent expecting an increase and only 11 percent anticipating a downturn. Support for existing-business projects and general support is expected to decline. Licensing requirements for 2013 will likely remain the same in terms of spending, with 74 percent not anticipating a change in the dollar value of licenses they pay for. The IRI’s Sea Change Index, which measures changing R&D trends over time, reveals a continued pull back from the extreme optimism of 2010.