NSF report details increase in business research and development

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.


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New statistics on business innovation released by NSF

Citation: NSF report details increase in business research and development (2013, September 20) retrieved 1 April 2020 from https://phys.org/news/2013-09-nsf-business.html
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