share_log

The 1.4 Trillion Dollar Question: Are U.S. Companies Getting the Most From Their R&D Budgets?

PR Newswire ·  Sep 12 20:40

JACKSONVILLE, Fla., Sept. 12, 2024 /PRNewswire/ -- According to The Global Innovation Index (GII), global corporate R&D investments have increased 13% over the previous year to 1.3 trillion euros. The U.S. maintains its lead in R&D spending followed by China then the EU, specifically Germany. Later this month the GII 2024 will be released, and all signs indicate steady growth of the same regions into 2025. In industries where technological change is rapid, continuous R&D investment is vital to competitive endurance.

"In today's business environment, effective innovation management is necessary for survival." Jennifer Creech, CEO

Post this
Understand market trends and align your R&D strategies to plan for the future with confidence. Explore global funding sources, leverage external collaborations, and assess your capabilities to meet 2025 challenges. Apply the 80/20 rule to balance risk and ensure a realistic budget that supports long-term innovation. Learn how to stay competitive while meeting corporate goals and setting a visionary direction for 2025.

As September marks the crucial period for annual budget planning, businesses are scrambling to allocate resources for emerging tech R&D and new product development to achieve innovative growth.

Ezassi Innovation Management offers a comprehensive suite of tools and services to help companies optimize their R&D budgets and innovation processes.

"In today's fast-paced business environment, effective innovation management is not just an advantage—it's a necessity for survival," says Jennifer Creech, CEO of Ezassi, Inc. "Strategies to outsource research, better tools for technology discovery, and building collaborative partnerships in adjacent industries will all position our clients to be prepared for business in the future."

Ezassi's state-of-the-art Idea Management platform enables companies to capture, evaluate, and implement innovative ideas efficiently, ensuring maximum ROI with innovation spending. Technology Discovery Software scouts the latest technologies and market trends, ensuring R&D efforts are aligned with corporate goals. The Innovation Management Software Suite offers a way to extend your company's capabilities through secure and effective external collaborations, enabling you to address gaps and enhance your innovation outcomes.

Complementing our software solutions, Ezassi's expert consultants provide tailored R&D and innovation strategy services to help businesses stay ahead of the curve.

"Ezassi's leading-edge products and services were carefully designed to meet our clients wherever they are, whether they are seeking strategic guidance or merely looking for a point solution. We can fit both the need and budget, without compromising quality." Dr. Matthew Heim, Chief Innovation Officer

For guidance on innovation budget planning, visit our blog at , where we provide 8 actionable strategies to improve R&D and drive growth. Don't let your company fall behind. Contact Ezassi Innovation Management today to revolutionize your innovation process and secure your competitive edge.

About Ezassi

Ezassi is a leading provider of AI-driven technology scouting and innovation management solutions. With a focus on empowering businesses to innovate and grow, Ezassi offers a range of services, including AI-powered technology scouting reports, innovation software, and market analysis. Through its commitment to leveraging cutting-edge technology and expert insights, Ezassi is dedicated to helping clients identify and pursue strategic opportunities for growth and innovation.

For more information about Ezassi and its services, visit

Contact Information

Stephanie Creech VP of Marketing Manager, [email protected] Phone: (617) 697-4236 Website:

Links

GII 2023

WIPO

Ezassi

SOURCE Ezassi

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers
9k+
Digital Media
Outlets
270k+
Journalists
Opted In
GET STARTED
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment