Industry Helps Fuel Upswing of R&D Funding in 2001
Certainly if you had attended the recent Adhesion Society Annual Meeting in Williamsburg, Va., you would agree that R&D is alive and well. This impression is borne out by the annual Battelle-R&D Magazine research and development forecast that predicts total R&D expenditures in the United States to increase about 5 percent to $277 billion in 2001.
The forecast states that the increase is largely driven by industrial support, which continues to dominate both the amount and growth of R&D spending. However, the growth is also tempered by the unpredictable and sometimes skittish state of the “dot-com” world and stock market fluctuations that can influence near-term spending.