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| Canada’s source of corporate R&D intelligence | ||
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For Immediate Release
Toronto - August 28, 2001 -Quebec companies increased their R&D spending by 8.7% in Fiscal 2000, according to Canada's Top Corporate R&D Spenders Report published by Research Infosource Inc. (www.researchinfosource.com).
The 71 Quebec firms tracked in the report posted revenues of over $66 billion in 1999 and invested $1.4 billion in R&D. For 2000, revenues rose to $78 billion and R&D spending went up to over $1.5 billion, a modest growth of 8.7% in R&D expenditures.
Overall, Canadian firms increased their R&D spending from $9.3 billion in 1999 to $11.9 billion in 2000. This is a 27.8% increase for the 330 companies tracked in the report.
Looking at R&D growth from 1999 to 2000 by province, B.C. firms registered the highest rate of growth at 73.5% while revenues rose by only 24.8%. In Ontario R&D growth is 29.5%, keeping pace with a revenue growth of 25.7%. Alberta's R&D growth of 16.4% lags far behind its revenue growth of 65.1%.
"While Quebec companies are increasing the amount they spend on R&D, they are showing a decline in the percent of revenues invested in R&D", says Ron Freedman, CEO of Research Infosource Inc. "In 1999 they were investing 2.1% of revenues into R&D, but in 2000 it was 1.9%, a drop of 9.5%."
When Research Infosource released Canada's Top 100 Corporate R&D Spenders List in June, 21 Quebec companies made the Top 100 for Fiscal 2000: Pratt and Whitney Canada Corporation #2, Bombardier #10 CAE Inc. #11, Alcan Inc. #13, Hydro-Quebec #15, Tembec Inc. #21, BioChem Pharma Inc. (now Shire BioChem Inc.) #22, Pfizer Canada Inc. #35, C-Mac Industries Ltd. #38, Schering Canada Inc. #39, BAE Systems Canada Inc. #43 (now CMC Electronics Inc.), Novartis Pharmaceuticals Canada Inc. #46, Eicon Technology Corporation #50, SR Telecom Inc. #52, BCE Emergis Inc. #53, AEterna Laboratories Inc. #63, Rio Tinto Iron and Titanium Inc. #83, Cognicase Inc. #88, Domtar Inc. #89, Microcell Telecommunications Inc. #93, Bell Canada #95.
Research Infosource Inc. a division of The Impact Group, tracks the R&D activities of the leading companies in Canada through its Canadian Corporate R&D Database, which contains information on over 300 firms. The complete Canada's Top Corporate R&D Spenders Report is available for purchase at www.researchinfosource.com.
The Impact Group is one of Canada's leading consulting firms specializing in strategic planning, policy analysis & development, research & evaluation, communications & marketing, and training & education, for organizations concerned with science, technology, and innovation.
Information: Ron Freedman, CEO, Research Infosource Inc.(416) 481-7070 ext. 31 |
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