Canada’s Source of R&D Intelligence
Toronto - September 4, 2002 - Together, the 116 B.C. companies tracked in Canada's Top Corporate R&D Spenders Report 2002 published by Research Infosource Inc. invested $911.8 million in research and development in 2001 on revenues of nearly $9 billion. Calculating research intensity (R&D expenditures as a percent of revenues) for fiscal 2001 puts B.C. firms at the head of the pack with 10.2%, followed by Ontario at 6.1%, Québec comes next at 2.1% with the Prairies rounding out the list at 0.8%. The overall research intensity figure for Canada is 3.9%.
"British Columbia's firms increased their R&D spending in the face of declining revenues", says Ron Freedman, CEO of Research Infosource Inc. "This allowed them to maintain a high level of research intensity."
The situation is different if we examine growth in research intensity from 2000 to 2001. Here firms in the Prairie provinces lead with an increase of 35%, next is B.C. at 21.7%, followed by Québec at 12.1% with Ontario trailing at 6.9%.
Looking at R&D investment by region, Ontario companies accounted for 73% of the total in fiscal 2001, Québec 15%, British Columbia 7%, and the Prairies 4%. Québec companies led the pack in R&D spending growth, showing a 33.3% increase in 2001. British Columbia came second with a 19.8% jump, and the Prairies were a close third, with a 16.2% growth in R&D expenditures. R&D investment by Ontario companies dropped 1.6% in fiscal 2001. The overall growth for Canada stands at 4.7% for 2001.
Research Infosource Inc., www.researchinfosource.com, a division of The Impact Group, is Canada's source of R&D intelligence. Research Infosource Inc. publishes Canada's Top 100 Corporate R&D Spenders List, Canada's Top 50 Research Universities List, and specialized reports. Canada's Top 100 Corporate R&D Spenders List 2002 published in June focused on the largest firms, while the full report includes information on 581companies, large, medium and small.
Information: Ron Freedman, CEO, Research Infosource Inc. (416) 481-7070 ext. 31
Janet Sandor, Director of Communications (416) 481-7070 ext. 25