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Nokia second-biggest European spender on R&D

 

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2009-11-17
Nokia second-biggest European spender on R&D

Spending on corporate R&D increased by 6.9% worldwide in 2008, according to the latest EU Industrial R&D Investment Scoreboard, and by 8.1% for companies headquartered in the EU.

Two European companies featured in the Top 10 – Volkswagen and Nokia – with the former placing third overall worldwide and the latter eighth. Toyota topped the table, spending €7.61 billion.

The Nokia Research Center in Helsinki is part of a worldwide network of R&D facilities. Projects at NRC Helsinki are focusing on areas such as mobile security, power management and computing architectures, and intelligent context-aware radio, otherwise known as cognitive radio. Image courtesy of Nokia.

Nokia was credited with spending €5.32 billion on R&D in 2008, by far the largest amount of any company based in Finland and a much larger sum than many entire European countries spend.

The second-largest Finnish company in terms of R&D expenditure last year was Metso, with an R&D budget of €129 million, and the third-largest, Wärtsilä, which spent €121 million.

American companies accounted for half of the Top 10 spots, while Swiss companies occupied two places. Companies based in emerging economies continued to show the highest growth in R&D growth, led by China, up 40%, and India, up 27%.

While R&D growth in the US is dominated by pharmaceuticals, biotechnology, and IT, that in the EU is more evenly spread. EU companies lead the way in areas with a medium level of R&D intensity, such as automotive parts, electrical equipment, and chemicals.

R&D activity by EU companies in renewable energy technologies is on the increase, and the six European companies in this area featured in the latest Scorecard have seen impressive growth in R&D investment over the last three years.

Cognitive radios – one of the areas being studied at NRC Helsinki – are aware of their surroundings and bandwidth availability and are able to dynamically tune spectrum usage based on location, nearby radios, time of day, and other factors. Image courtesy of Nokia.

For more on Nokia, see our article and www.nokia.com.