Canada’s Source of R&D Intelligence
Toronto - September 4, 2002 - Together, the 119 Québec-headquartered companies tracked in Canada's Top Corporate R&D Spenders Report 2002 published by Research Infosource Inc. invested $2 billion in research and development activities 2001 on revenues of $97 billion. Looking at growth in R&D spending from 2000 to 2001, Québec companies lead the pack in R&D spending growth, showing a 33.3% increase. British Columbia comes second with a 19.8% jump, and the Prairies 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 figure for Canada stands at 4.7% for 2001.
"A number of large Québec companies such as Pratt & Whitney Canada increased their R&D spending which accounted for the overall rise", says Ron Freedman, CEO of Research Infosource Inc.
Breaking down R&D spending by region, Ontario companies accounted for 73% of the total in fiscal 2001, Québec 15%, British Columbia 7%, and the Prairies 4%.
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 with at 2.1% with the Prairies rounding out the list at 0.8%. The overall research intensity figure for Canada is 3.9%.
The situation is different if we examine changes in research intensity from 2000 to 2001. Here firms in the Prairie provinces lead with an increase of 35%, next is B.C. with 21.7%, followed by Québec at 12.1% with Ontario trailing at 6.9%.
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 581 companies, 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