R & D: European companies increase their investment faster than the global average

 European companies increased their investments in research and development (R & D) by 7% last year, well above the average global growth rate (5.8%). The ICT, healthcare and automotive sectors are in the top three in terms of growth in R & D investment in the EU, reveals the 2017 R & D industrial investment scorecard, published today by the Commission's Joint Research Center (JRC). Tibor Navracsics, Commissioner for Education, Culture, Youth and Sport and Head of the JRC, said: "The scoreboard shows that innovation is once again booming in Europe. to maintain the leadership of our industry, we must continue to invest and reform our education systems, which are the pillars of the knowledge economy and prosperity in Europe ". Carlos Moedas, Commissioner for Research, Science and Innovation, added: "The scoreboard shows that European companies continue to be major players in R & D investment, with more than a quarter global investment, but to remain at the forefront of innovation, Europe needs to ensure that new companies reinforce this trend, which is why we will support the best innovations through the European Council of Europe pilot project. innovation of Horizon 2020, our research and innovation program. " The 2,500 leading global industrial players invested a total of € 741.6 billion in 2016, of which € 192.5 billion was invested by 567 European companies. According to the report, 2016 is the sixth consecutive year of significant increases in global R & D investment. This scorecard has been published annually since 2004 by the JRC and provides economic and financial data on the main European and global R & D investors. More detailed figures are available here.

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