We would like to benchmark the spending and impact of front-end-innovation and R&D. In order to be competitive in the market, many companies invest in R&D for new innovative products, especially, front-end-innovation (early stage of R&D). The activities in the front-end-innovation include, for example: technology assessment for potential acquisition, technology scouting, idea management, exploratory projects, and university projects. My company has been doing this for several years.
Submitted by VP, Research & Innovation, large manufacturing company
We received responses from 17 IRI member organizations. If you are interested in seeing the data cuts per industry and/or revenue, please contact Erika Toman.