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Battelle Releases Annual R&D Forecast

February 16, 2006
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Total funding for research and development is expected to increase by approximately 2.9% to $329 billion in 2006, according to the annual Battelle-"R&D Magazine" forecast. The projected increase, from the estimated $320 billion spent in 2005, covers all R&D expenditures across industry, government and academia. The federal government is expected to spend $96.6 billion funding R&D efforts, which is a modest increase of 1.8% over the $94.9 billion spent in 2005. Industrial expenditures on R&D are expected to reach $211.9 billion in 2006, an increase of 3.5% over the $204.8 billion expended in 2005, while academia and other non-profits make up the remaining expenditures of $20.4 billion. Academia is expected to increase spending by 1.1%, with other non-profits increasing by 3.7%.

For more information, call (614) 424-7039 or e-mail haywardj@battelle.org.

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