Ayming’s second annual International Innovation Barometer tells a story of increasing complexity, set against the backdrop of the global pandemic.
To create the Barometer we conducted a detailed survey of 330 senior R&D professionals, CFOs, C-suite executives and business owners in companies of all sizes in the following countries: Belgium, Canada, Czech Republic, France, Germany, Ireland, Italy, Poland, Portugal, Slovakia, Spain, United Kingdom, and the United States.
The findings show that innovation continues to be crucial for companies’ growth, but Covid-19 represents a real pivot point – one that could see budgets reduced, but could just as easily provide a catalyst for innovation.
Key findings include:
- Expectations for budget increases are down 12% on last year, a symptom of Covid-19
- Technology is the most important driver of R&D, as selected by 39% of respondents
- Outsourcing is on the up, with use of external private resources rising from 35% to 48%
- Funding is diversifying; crowdfunding is up 17% and equity/debt funding is up 6%
- Behind technology, the second most important way to improve sustainable innovation is more targeted tax incentives, at 28%
Download the International Innovation Barometer 2021 by filling out the form!
Want to compare the International Innovation Barometer 2021 to our previous one? Compare this year’s findings to last year’s barometer here!