Emerging technologies really benefit from strong research and development (R&D). Here are some important reasons why:
More New Ideas: Companies that spend more than 6% of their revenue on R&D come up with 50% more new ideas than those that don't spend as much.
Better Competition: Spending on R&D helps companies become 20% more competitive in the market.
Helping the Economy: R&D activities add about $575 billion every year to the U.S. economy.
Creating Jobs: Areas that focus on R&D open up more than 2.3 million new jobs each year.
In short, strong R&D helps advance technology, boost economic growth, and inspire new ideas across different industries.
Emerging technologies really benefit from strong research and development (R&D). Here are some important reasons why:
More New Ideas: Companies that spend more than 6% of their revenue on R&D come up with 50% more new ideas than those that don't spend as much.
Better Competition: Spending on R&D helps companies become 20% more competitive in the market.
Helping the Economy: R&D activities add about $575 billion every year to the U.S. economy.
Creating Jobs: Areas that focus on R&D open up more than 2.3 million new jobs each year.
In short, strong R&D helps advance technology, boost economic growth, and inspire new ideas across different industries.