This week: industry R&D drops, Horizon Europe’s budget boost and more
Industry research
Private R&D investment in the EU dropped for the first time in a decade in 2020, falling 2.2 per cent compared with the previous year, according to the European Commission. The research and innovation commissioner Mariya Gabriel said the drop was due “mainly to the impact of the pandemic”. But companies based in the United States and China increased their R&D investments by 9.1 per cent and 18.1 per cent respectively, and globally R&D investment grew by 6 per cent.