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International Innovation Barometer 2021

Innovation is the bridge between profit and planet

IBB

Ayming’s second annual International Innovation Barometer tells a story of increasing complexity, set against the backdrop of the global pandemic.

To create the Barometer we conducted a detailed survey of 330 senior R&D professionals, CFOs, C-suite executives and business owners in companies of all sizes in the following countries: Belgium, Canada, Czech Republic, France, Germany, Ireland, Italy, Poland, Portugal, Slovakia, Spain, United Kingdom, and the United States.

The findings show that innovation continues to be crucial for companies’ growth, but COVID-19 represents a real pivot point – one that could see budgets reduced, but could just as easily provide a catalyst for innovation.

Our key findings include:

  • Expectations for budget increases are down 12% on last year, a symptom of COVID-19
  • Technology is the most important driver of R&D, as selected by 39% of respondents
  • Outsourcing is on the up, with use of external private resources rising from 35% to 48%
  • Funding is diversifying; crowdfunding is up 17% and equity/debt funding is up 6%
  • Behind technology, the second most important way to improve sustainable innovation is more targeted tax incentives, at 28%

In the International Innovation Barometer we have taken a deep dive into the state of innovation worldwide. Our findings reveal significant variations between country, sector and even job functions, but there are some clear trends….

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