Battelle and R&D Magazine are pleased to release our annual forecast of global
research and development funding, which is a public service for use by policy
makers, corporate research leaders, researchers, educators, and economists.
In 2014, it is important to consider both the levels and locations of funding,
and also how R&D is performed and measured. Public and corporate expectations of impact and productivity are high. Fortunately, there is ample historical
evidence that research and innovation contribute in the short and long terms to
prosperity and competitiveness, as well as to the resolution of society’s greatest
challenges in areas like health, energy, and security.
At Battelle, we are cautiously optimistic that U.S. R&D funding growth will
recover after a flat 2013. This perspective is based on assumptions about the economy, and on indica-
tions that our leaders in Washington may be able to find common ground on the value of R&D invest-
ment. We are impressed by R&D commitments in Europe and Asia, where increasing research intensity
amplifies the investment momentum that strong economic growth provides. In a world where scientific
discovery and technology commercialization are truly global, these trends have implications beyond
I want to thank the many researchers, executives, and academic leaders who contributed to our global
survey on which many of this report’s findings are based. Your insights enrich our ability to anticipate
the outlook for R&D funding.
Jeffrey Wadsworth, Ph.D.
President and CEO