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Weak but stable growth predicted for R&D

Most growth will come from new-business projects

By Shane O'Halloran
Farm bill on its last legs according to IDFA
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.

KEYWORDS: consumer trends research and development

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