NSF report details increase in business research and development

Sep 20, 2013
NSF report details increase in business research and development
Companies spent $294 billion on research and development performed in the United States during 2011, compared with $279 billion during 2010. Credit: Thinkstock

According to a recent study published by the National Science Foundation (NSF), businesses spent more on research and development (R&D) in 2011 than they did in 2010.

Companies spent $294 billion on R&D performed in the United States during 2011, compared with $279 billion during 2010. Data are from the Business and R&D and Innovation Survey (BRDIS), which is co-sponsored by NSF and the U.S. Census Bureau.

BRDIS revealed that during 2011, companies in manufacturing industries performed $201 billion, or 68 percent, of domestic R&D. Companies in nonmanufacturing industries performed $93 billion of domestic R&D. For both types of industries, most of the funding came from the companies' own funds, about 81 percent.

The U.S. federal was the chief source of outside funding for R&D across all industries. Of the $55 billion paid for by others, the federal government contributed $31 billion. The majority of this government , $26 billion, came from the Department of Defense.

U.S. companies that performed or funded R&D reported domestic net sales of $9 trillion in 2011, according to BRDIS. Manufacturing industries with high levels of R&D intensity in 2011 were pharmaceuticals and medicines, aerospace products and parts, and computer and electronic products.

Explore further: Koch Industries to buy Molex for $7.2 billion

add to favorites email to friend print save as pdf

Related Stories

New statistics on business innovation released by NSF

Oct 06, 2010

Preliminary figures from the Business R&D and Innovation Survey (BRDIS)--fielded for the first time in 2009--indicate that some 22 percent of companies in manufacturing industries reported one or more produc ...

Koch Industries to buy Molex for $7.2 billion

Sep 09, 2013

Koch Industries, the sprawling US global industrial conglomerate, announced Monday it was buying Molex, a manufacturer of electrical and electronic components, for $7.2 billion.

Recommended for you

Ticketfly buying WillCall for on-premise data

2 hours ago

Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.

HP revenue inches up after years of decline

18 hours ago

Hewlett-Packard on Wednesday reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.

Restaurants experimenting with pay-in-advance tickets

20 hours ago

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

Chip maker Infineon to buy California firm for $3B (Update)

23 hours ago

German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars ...

User comments : 0