Market crisis to hit R&D spending, says EU

Richard L. Hudson, Brussels

Commissioner Potočnik: Governments must not slow spending.

R&D investment by the world’s biggest companies rose a torrid 9 per cent last year – but the current financial crisis is likely to hit industrial spending on future research, said the European Union’s top research official.

“The current financial crisis will certainly have an impact on the real economy and is likely to undermine the positive pace of growth we have seen in the past five years in EU companies’ R&D investment,” said EU Science and Research Commissioner Janez Potočnik. He called on governments not to slow their own...

This page requires a subscription

This page is available to subscribers only. Please log in or subscribe and plug into the Science|Buisiness Network now, to get full access to all our news, events, business opportunities and subscriber-posting service.

We are the first independent news service connecting buyers and sellers of emerging technologies, across borders and across industries. We keep you ahead of the news on early-stage R&D investment – and provide opportunities for you to find and meet new investors, licensees and development partners, through our unique Science|Business Network of leading scientific institutions including the University of Cambridge, Karolinska Institute, ETH-Zürich and Imperial College London.

Be first into the next wave of technology. Click here to learn more

Note: Log in requires cookies to be enabled on your machine.

Lost your password? Enter your email address with no password and we'll send you a new password. Use this to log in, then, if you wish, click on the 'My Details' link at the top of the page to change your password.