New Report Finds Corporate R&D Budgets Increasing Amidst Pandemic

Global Newswire reported that InnoLead has released a new research report, “Retooling R&D for a New Era,” that explores emerging trends in R&D in Global 1000 companies.  Among the findings the survey found that open innovation practices have moved into the mainstream. Forty-six percent of respondents say they use open innovation regularly, and an additional 40 percent report using it sporadically. “Some companies tell us that ‘not invented here’ syndrome is still a barrier when it comes to sourcing ideas from outside,” says InnoLead CEO Scott Kirsner, “but it’s clear that open innovation is now becoming standard operating procedure at a lot of companies who have acknowledged that the vast majority of the best minds in the world do not work for them.”

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