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2014 Global R&D Funding Forecast .Pdf
THE YEAR OF THE BRAIN
There has never been a better time to be in brain research than the present. Money is pouring in: there is the €1 billion Human Brain Project in the European Union (EU), the U.S. BRAIN initiative that plans to start with US$100 million just for 2014, and sprawling private ventures such as GlaxoSmithKline’s electroceutical program, which plans to invest US$50 million into neurotech startups and support brain circuits research in up to 20 laboratories worldwide.
Quote Source: THE YEAR OF THE BRAIN
The ranking of the top ten countries as measured by R&D spending isn’t expected to change in 2014, with the U.S. reprising its role as the dominant force in global research across numerous industries. U.S. federal spending on R&D, a large contributor to R&D momentum in the U.S., is in turmoil because of enormous pressures to pare federal spending, especially defense and aerospace budgets. The growth in China’s R&D budgets will far outpace those of the U.S., which has resumed modest growth that is expected to be relatively stable through 2020. At the current rates of growth and investment, China’s total funding of R&D is expected to surpass that of the U.S. by about 2022.
In 2014, ten countries will spend about 80% of the total $1.6 trillion invested on R&D around the world; the combined investments by the U.S., China and Japan will account for more than half of the total. Together, the U.S., China, Japan and Europe account for about 78% of 2014’s $1.6 trillion total.
How major U.S. industries will invest:
For 2014, we project declines in defense and aerospace R&D, increases in energy-related research, increases in life science research and development, strong growth in information technology research investment and growth in R&D budgets for chemicals and advanced materials.
Key research investment trends around the globe:
Given the current, weak economic environment in Europe, large increases in R&D investments are not expected for the next several years. Emphasis by Southeast Asian countries on economic growth through increased R&D investments is likely to continue through the end of the decade. Significant R&D investments by western countries in long-range technology platforms like robotics, high-performance computing, social media, software, cost-effective energy sources and nanobiotechnology could stimulate rapid industry-scale economic growth.
The “Rest of the World” countries are expected to undergo moderate growth in R&D investment in 2014, with leadership from countries like South Korea, Russia and Taiwan. Most Middle East countries will experience strong GDP growth in 2014, but are constrained by weak R&D infrastructure—with exceptions such as Israel and Qatar. Africa is expected to see strong GDP growth, but is also limited by under-developed R&D capabilities—with the exception of South Africa. Strong GDP growth is expected in South America, but this region also lags in R&D capacity—even Brazil appears to be under-performing expectations.