The 500 companies with the highest investments for research and development across the globe already increased their innovation expenditures by six percent in 2017, and even by a further ten percent in the year 2018. On balance, the companies invested a total of EUR 606 billion last year (2017: EUR 552 billion). The American Internet giant Amazon boosted R&D spending by 27 percent to EUR 24.4 billion, once again making it the number one company in the world for R&D investments. The Austrian firms voestalpine and Andritz were given the 419th and 478th spots respectively in the latest ranking. "Digitalisation has triggered a boom in investments which is increasingly gaining in momentum", says Gunter Reimoser, Country Managing Partner EY Austria, in commenting on the latest figures. "A race to develop innovations and gain technological leadership has started in many sectors", he adds.
Research Location Austria: Read in our blog why big brands are expanding their R&D presence in Austria