Total income from research for Canada top 100 R&D firms totaled $9.4 billion in 2010, down from the 2009 total
November 2, 2011
by CanadianManufacturing.com Staff
TORONTO—Research in Motion (RIM), BCE, and IBM have been named Canada’s leaders in R&D spending this year by Research Infosource.
Total income from R&D endeavours for Canada’s Top 100 R&D corporations was $9.4 billion in 2010, down from $10.4 billion in 2009.
According to Canada‘s Top 100 Corporate R&D Spenders List 2011, this continues a negative trend in R&D spending for the 5th consecutive year.
But revenues increased among revenues increased by 4.7 per cent by the 92 companies in the report.
Despite recent turmoil surrounding the Waterloo-based tech-giant, RIM remains Canada’s top corporate R&D spender, spending more than $1.4 billion on research, an increase of 26.3 per cent over 2009.
BCE was second after spending $821 million on R&D.
More big names rounded out the top 10, including engineering firm Atomic Energy ($476 million), automotive giant Magna ($463.5 million) and Bombardier ($198.7 million).