How Long Will the Winter Last for Corporate R&D?
The cash crunch is finally hitting the U.S. corporate innovation system head-on. Today's Wall Street Journal reports on a forthcoming study by the Battelle Memorial Institute that forecasts a 1.6 % fall in total U.S. R&D spending in 2009, after decades of faster-than-inflation increases. (link) It's not just the US, though - global R&D spending will faltten out in 2009.
The report is optimistic about the long-term outlook:
- Anthony Townsend's blog
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Preparing India's Workforce for R&D Offshoring
The Kauffman Foundation released a study this week, How The Disciple Became The Guru (summary, full report) that offers an inside look at how Indian firms are preparing their workforce to serve global hub for offshore and outsourced R&D in Bangalore and other cities.
Written from a business perspective, the report is essential reading for anyone interested in economic development. While not every country has the advantages India does, the model that seems to be working there - aggressive recruitment, workforce development, and retention - is certainly portable. You can't make companies do that, but this report offers compelling evidence that massive investment in human capital can be done quickly, and with sustained returns.
- Anthony Townsend's blog
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How to Attract US R&D Outsourcing
A recent article in Research Policy landed on my desk today, titled "The Maturation of Global Corporate R&D: Evidence From the Activity of U.S. Foreign Subsidiaries", by Deepak Hegde and Diana Hicks.
This review turned a lot of my assumptions about the globalization of R&D, and how poorly the current debate about offshoring of R&D in the US is based on fact.
- Anthony Townsend's blog
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