Peres with Google's Brin 370.
(photo credit: Moshe Milnewr/ GPO )
Israeli business expenditure on research and development was higher
proportionately to gross domestic product than any other country in the OECD in
2010, according to data released by the Central Bureau of Statistics
The business sector spent NIS 32.3 billion, or 3.4 percent of
GDP, on R&D in 2010. This figure was roughly equivalent in real terms to the
amount spent on R&D the previous year. At the same time, the number of
R&D-related jobs rose about 5% to 53,200, while R&D-related expenses
decreased 4% per worker.
Development centers operated by multinational
corporations contributed 40% of overall business sector R&D spending in
2010, down from 44% the previous year. This ended a trend seen for four
consecutive years in which the development centers constituted the main source
of growth of R&D activities in Israel.
Israel has led the world in
R&D spending for many years, but this has been financed mainly by
overseas-based parent companies and by private foreign investors, the bureau
said. It showed that 49% of R&D spending was financed by overseas sources in
2010, but the figure reached 73% when only the computing services industry was
taken into account.
State financing of business sector R&D rose
slightly to NIS 1.4b., mainly because of an increased amount of funding from the
Industry, Trade and Labor Ministry’s Office of the Chief Scientist.