Ceramic Industry News

Battelle Predicts Modest Overall R&D Increases For 2004

February 11, 2004
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Total R&D expenditures in the U.S. are expected to increase about 2.5% from the $283.8 billion spent in 2003 to nearly $291 billion in 2004, according to the annual Battelle-"R&D Magazine" funding forecast. Based on data from the National Science Foundation, the forecast predicts that federal R&D spending will be $89.4 billion, an increase of 4.8%. Industrial spending on R&D is expected to increase less than a percentage point, at .85%, for a total of $181 billion, while academia and other non-profit funding is expected to increase an average of 7.6% to $20.3 billion.

For more information, call (614) 424-5544, e-mail delaneyk@battelle.org or visit http://www.battelle.org .

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