Research Spending Jumps 6.1% to $10.9 Billion at Canada's Top 100 Research and Development Corporations

Research Spending Jumps 6.1% to $10.9 Billion at Canada's Top 100 Research and 
Development Corporations 
RIM and Bombardier report more than $1 billion in R&D spending 
TORONTO, Oct. 30, 2012 /CNW/ - Research Infosource, Canada's Source of 
Research and Development Intelligence, today released its Canada's Top 100 
Corporate R&D Spenders List 2012. Total research spending for Canada's Top 
100 R&D Corporations jumped by 6.1% to $10.9 billion in Fiscal 2011, up from 
$10.3 billion in Fiscal 2010. This result reverses a 5-year decline in R&D 
spending. 
Research In Motion Limited retained its hold on first place in the national 
ranking, spending $1.54 billion on research in Fiscal 2011, a 10.8% 
improvement over Fiscal 2010. Bombardier Inc. jumped 8 positions in the 
ranking to second place overall with a 27.0% increase and total R&D spending 
of $1.34 billion. 
"The Fiscal 2011 data comes as quite a surprise - a pleasant one at that," 
said Ron Freedman, CEO, Research Infosource. "We were expecting at best flat 
performance. What really propelled the results was a 7.2% combined spending 
increase among the $100 Million Club - the 24 leading firms that spent at 
least $100 million on research in Fiscal 2011. The results for the other 76 
firms expanded at a more modest rate of 2.9% overall. The overall picture is 
a bit more muted, however, because while total Top 100 R&D spending rose by 
more than 6%, revenues increased even faster, by 10.4% among the companies 
that provided their revenue. So, R&D spending growth did not keep pace with 
income growth. By the same token, it's great to see companies such as RIM 
and Bombardier maintaining their commitment to research, in the face of 
revenue pressure. In some respects each is betting the farm that today's 
spending will translate into future sales." 
$100 Million Club 
Twenty-four companies qualified for Research Infosource's elite $100 Million 
Club - firms that reported $100 million or more in research spending in Fiscal 
2011. Together these companies spent $8.14 billion in Fiscal 2011, 
accounting for 74% of total Top 100 spending, up from $7.59 billion the year 
before. 
 _____________________________________________________
|                        The $100 Million Club        |
|_____________________________________________________|
|Rank|                           |   R&D Expenditures |
|____|                           |____________________|
|    |                           |  FY2011  |% Change |
|2011|Company                    |($Million)|2010-2011|
|____|___________________________|__________|_________|
|  1 |Research In Motion         |  $1,542.0|     10.8|
|____|___________________________|__________|_________|
|  2 |Bombardier                 |  $1,336.3|     27.0|
|____|___________________________|__________|_________|
|  3 |BCE                        |    $569.1|    -30.7|
|____|___________________________|__________|_________|
|  4 |Magna International        |    $519.3|     12.0|
|____|___________________________|__________|_________|
|  5 |IBM Canada (fs)            |    $500.0|     -9.3|
|____|___________________________|__________|_________|
|  6 |Pratt & Whitney Canada (fs)|    $473.0|     19.7|
|____|___________________________|__________|_________|
|  7 |Atomic Energy of Canada    |    $441.9|     -7.2|
|____|___________________________|__________|_________|
|  8 |Ericsson Canada (fs)       |    $323.0|     -8.5|
|____|___________________________|__________|_________|
|  9 |AMD Canada (fs)            |    $283.3|     17.2|
|____|___________________________|__________|_________|
| 10 |Alcatel-Lucent (fs)        |    $237.0|      1.7|
|____|___________________________|__________|_________|
| 11 |Cenovus Energy             |    $200.0|     48.1|
|____|___________________________|__________|_________|
| 12 |TELUS                      |    $183.0|     47.6|
|____|___________________________|__________|_________|
| 13 |Apotex                     |    $174.0|     -2.7|
|____|___________________________|__________|_________|
| 14 |Imperial Oil               |    $163.0|     52.3|
|____|___________________________|__________|_________|
| 15 |Sanofi (fs) ((a))          |    $151.7|     -4.7|
|____|___________________________|__________|_________|
| 16 |Open Text                  |    $144.4|      8.4|
|____|___________________________|__________|_________|
| 17 |Ontario Power Generation   |    $125.0|     -1.6|
|____|___________________________|__________|_________|
| 18 |GlaxoSmithKline Canada (fs)|    $118.4|    -26.6|
|____|___________________________|__________|_________|
| 19 |CAE                        |    $117.0|      0.1|
|____|___________________________|__________|_________|
| 20 |Pfizer Canada (fs)         |    $113.5|    -22.0|
|____|___________________________|__________|_________|
| 21 |Rogers Communications      |    $109.0|    -14.2|
|____|___________________________|__________|_________|
| 21 |Vale Canada (fs)           |    $109.0|     62.7|
|____|___________________________|__________|_________|
| 23 |Constellation Software     |    $107.6|     17.9|
|____|___________________________|__________|_________|
| 24 |Hydro-Québec               |    $100.0|      0.0|
|____|___________________________|__________|_________| 
fs = Foreign subsidiary (includes R&D spending for Canadian operations only)
((a)) Includes Sanofi Canada and Sanofi Pasteur Limited 
Gainers and Losers 
The 10 leading firms in R&D spending growth in Fiscal 2011 all increased their 
spending by 55.0% or more. The largest gainer was Celestica, which recorded 
a 341.7% gain in R&D spending. Martinrea International posted an impressive 
increase of 225.7% in its R&D spending, followed by Canadian Solar (178.4%), 
Neo Material Technologies (135.6%) and Dorel Industries (127.2%) rounding out 
the Top 5. Overall, 63 companies posted increases in their research spending 
compared with 37 firms where R&D spending remained the same or dropped in 
Fiscal 2011. 
Regional Results 
Thirteen Top 100 companies in Alberta increased their R&D spending by 33.4% to 
a total of $824.8 million, far in excess of the 6.1% national R&D spending 
increase. Eleven B.C. companies on the list expanded their spending by 14.3% 
to $596.3 million, while 48 Ontario firms managed only a 5.4% R&D spending 
growth, totaling $5.66 billion. In spite of some large individual increases, 
25 Quebec companies managed only a combined 1.4% total R&D spending increase, 
to $3.77 billion in Fiscal 2011. 
Industry Sectors 
Thirteen Top 100 performers in the Communications/Telecom Equipment sector 
spent a total of $2.48 billion on research in Fiscal 2011, accounting for 23% 
of the total. However, 5 Aerospace firms were not far behind, spending a 
total of $2.01 billion or 18% of Top 100 R&D spending. Twenty-one 
Pharmaceuticals/Biotechnology firms spent a total of $1.27 billion in Fiscal 
2011, down from $1.39 billion in Fiscal 2010, a significant drop of -8.3%. 
All ICT sectors combined accounted for 46% of the Top 100 total, which 
indicates the importance of the sector in gauging overall Canada's R&D 
performance. 
Canada's Top 100 Corporate R&D Spenders List 2012 is available on the Research 
Infosource website, www.researchinfosource.com. 
About Research Infosource Inc.
Research Infosource Inc., a division of The Impact Group, is Canada's source 
of R&D intelligence. Drawing from proprietary databases, Research Infosource 
Inc. publishes Canada's Top 100 Corporate R&D Spenders List, Canada's Top 50 
Research Universities List and Canada's Top 40 Research Hospitals List. As 
well, Research Infosource publishes specialized reports and The Innovation 
Atlas of Canada™ - a web-based research and innovation mapping and data 
information product. 
For additional information or to schedule an interview, please contact: 
Janet Sandor Media Relations Specialist Telephone: 416-802-5526 
Email:jsandor@impactg.com 
Ron Freedman CEO, Research Infosource Telephone: 416-481-7070, ext. 31 
Email:ron@impactg.com, Cell: 416- 879-9000 
SOURCE: Research Infosource Inc. 
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CO: Research Infosource Inc.
ST: Ontario
NI: PUB ECOSURV  
-0- Oct/30/2012 13:00 GMT