Advanced Materials & Processes, April 1st, 2006
Total funding for research and development is expected to increase by approximately 2.9% to $329 billion in 2006, according to the Battelle-R & D Magazine annual forecast. The projected increase, from the estimated $320 billion spent in 2005, covers all research and development expenditures across industry, government, and academia.
The federal government is expected to spend $96.6 billion funding R & D efforts, a modest increase of 1.8% over the $94.9 spent in 2005.
Industrial expenditures on R & D are expected to reach $211.9 billion in 2006, an increase of 3.5 percent over the $204.8...
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