Innovate now to prosper in the future

Europe’s industries top global investment in research and development (R&D). Yet the region is failing to see levels of payback in terms of getting products, services and technologies to market compared with its major competitors, reports Hartley Milner.EU corporations increased their R&D investment by 9.8 per cent in 2023, outpacing their counterparts in the United States (up 5.9 per cent) for the second year in a row and China (9.6 per cent) for the first time since 2013.Figures