By Christopher D. Cook, CPA Anglin Reichmann Armstrong CPAs and Business Advisors The Inflation Reduction Act (IRA) allocated $45.6 billion to the IRS specifically for tax enforcement activities that would include hiring more enforcement agents, providing legal support, and investing in “investigative technology.” According to the Congressional Research Service, that is an enforcement funding increase…

“What factors most impact your ability to get additional human and financial resources to support innovation work?” That’s one of the key questions that the teams at InnoLead and KPMG are asking as part of their current benchmarking survey. The three answers here are bubbling to the top after 100+ responses, but the survey is still in…

By Gordon Feller With top-notch universities, federal research institutes, leading companies from nine major industry sectors, and 14 top-ranked hospital systems, Ohio is a “quiet giant” of innovation in industrial sectors and life science. Ohio has the fifth-highest number of Fortune 500 and Fortune 1000 companies — and is home to more than 120 NYSE/Nasdaq…

The R&D World Index (RDWI) for the week ending August 26, 2022, closed at 2,453.23 for the 25 companies in the RDWI. The Index was down -3.46% (or 87.89 basis points) from the week ending August 19, 2022. Only one of the 25 RDWI members gained value: 9.34% (Alibaba). Twenty-three of the 25 RDWI members…

By Jesse Harris, Marketing Communications Specialist, ACD/Labs Reporting is not a glamorous part of pharmaceutical and chemical research and manufacturing. Filling out forms, compiling information, and reviewing data — completing reports is tedious, stressful and error-prone. This is especially true when working with analytical chemistry data since it must be processed and displayed in a…

The R&D World Index (RDWI) for the week ending August 19, 2022, closed at 2,541.12 for the 25 companies in the RDWI. The Index was down -0.54% (or 13.70 basis points) from the week ending August 12, 2022. Eleven of the 25 RDWI members gained value from 0.04% (Honda Motor Company) to 4.48% (Cisco). Fourteen…

The R&D World Index (RDWI) for the week ending August 5, 2022 closed at 2,491.02 for the 25 companies in the RDWI. The Index was down -1.17% (or -29.41 basis points) from the week ending July 29, 2022.  Nine of the 25 RDWI members gained value from 0.02% (Sanofi SA) to 5.03% (Facebook/Meta Platforms Inc.).…

For 2022, U.S. industrial organizations are expected to collectively invest $447 billion in R&D efforts, or about 65.8% of the total R&D monies invested by the U.S. ($679.4 billion). That industrial investment is more than all other global countries except for China. The U.S. federal government is expected to invest $181.4 billion in R&D in…

Researchers live in a world of variants — coronaviral variants are taking center stage in the media right now. But in 2022, researchers will also have to deal with the challenges of accelerating economic inflation rates, global warming, electrification of everything, fifth- and sixth-generation broadband uncertainties, declining animal and plant diversities, declining global population rates,…

Bringing an idea to life can be a costly project for startups. Fortunately, Research and Development (R&D) grants are becoming more accessible due to specialist R&D tax incentive firms like BourkeHood. BourkeHood was launched in 2020 by Jason Hood. Hood started the company with absolutely no financial backing, it was based on his passion to…

The 60th R&D 100 Awards program is now open for submissions. The program is open to corporate, government, and academic R&D organizations across the globe, and has been called “The Oscars of Innovation.” First established in 1963, the R&D 100 Awards is the only S&T (science and technology) awards competition that recognizes new commercial products, technologies…

By Gordon Feller In a report charting, “The Rise of Innovation Districts,” the Brookings Institution in Washington, D.C., lists Barcelona alongside seven other cities that contain such districts, the others being Berlin, London, Medellin, Montreal, Seoul, Stockholm, and Toronto. How exactly did an ancient Catalonian city, situated on the coast of Spain, manage to pull…

By Scott Kirsner, CEO and Co-Founder of InnoLead Is it possible that R&D organizations are weathering the pandemic better than most other parts of Global 1000 companies? A recent survey that we fielded at InnoLead, supported by qualitative interviews with senior R&D execs, buttresses that idea. It’s possible that amidst the pandemic, and dramatically changing…

By Shawn Dickerson, Vice President of ProjectManager Today’s businesses remain competitive by seeking market insights and developing new services, products or improvements. Future company growth often sits on the shoulders of the research and development (R&D) department. Beyond researching, planning, testing and implementing new programs on behalf of their organizations, R&D teams are also responsible…

International Freezer Challenge honors Univ. of Illinois with 2021 “Winning Streak Award.” By Becky Chambers Hennessy, contributing writer (This is part two of a two-part series. Read part one, Facing sustainability in the lab, here.) The University of Illinois Urbana-Champaign is continuing a hot streak in arguably the coolest competition around. The university was recognized…

By Becky Chambers Hennessy, contributing writer Scientific research leaders are taking a long look in the mirror. They see their laboratories as home to beneficial scientific breakthroughs, in areas from epidemiology and the coronavirus to climate change and greenhouse gases. They’re also recognizing them as resource-intensive spaces with enormous carbon footprints. It’s an irony that’s…

Sandy Robert, CAE will join ASM International as executive director, effective January 1, 2022. Robert will be completing this year as CEO of the Association for Women in Science (AWIS), where she was hired in 2019 to turn around the association’s business model. During her three-year tenure, she spearheaded membership growth and engagement, significantly increased…

By Gordon Feller, Contributing Writer Increasingly, trilateral R&D partnerships — linking government with academia and industry — are considered critical to the success of Silicon Valley. Such mixed partnerships succeed when they link industrial firms with governments with universities, especially as real-world variations of the “triple helix” model of innovation, which is a more common…

MIT Professional Education is announcing a new professional certificate program in Strategic Technology Roadmapping and Innovation. With an emphasis on strategic technological leadership, the unique learning experience will provide professionals with the key tools and expertise necessary to successfully implement and manage emerging technologies within their 21st-century organizations. “Effective technology implementation requires careful planning, evaluation…

The transition from R&D to pharma manufacturing can be a pretty high hurdle to clear for many companies in the life sciences industry. Scaling up to a manufacturing process requires a considerable investment in time and money – and a thorough knowledge of current Good Manufacturing Practices (cGMP). Larger companies typically have in-house experts or…

The R&D Tax Credit offers a significant tax incentive for companies in a broad spectrum of technology-based industries. The credit has been part of the Internal Revenue Service tax code since 1981 and is responsible for billions of dollars in tax savings each year. It has gained even more popularity as a result of modifications…

SPT Labtech, a laboratory automation solutions company for the life sciences industry, announces changes in its leadership team to further capitalize on its organic and acquisition-led growth. David Newble has been appointed CEO, SPT Labtech, stepping up from his previous position as managing director. In his new capacity he takes responsibility for all SPT Labtech…

mHUB, an independent hardtech innovation and manufacturing center, will welcome nine high-growth startups to Chicago to participate in the premiere cohort of its Accelerated Incubation, a six-month, hands-on accelerator focused on hardtech product development and commercialization. The nine selected teams were chosen from a pool of nearly 500 applicants, 27% of whom were international teams.…

Brett Wood, the President & CEO of Toyota Material Handling North America (TMHNA), was recently appointed to Senior Executive Officer of TMHNA’s parent company, Toyota Industries Corporation (TICO). Wood becomes the only non-Japanese TICO executive. Wood, a 32-year veteran of Toyota, will maintain his current responsibilities as TMHNA President & CEO in addition to his…

Recently, I interviewed master inventor Dean Kamen, well known as the inventor of the stair climbing wheelchair and the Segway, as well as the creator of the FIRST Robotics competitions for school children. I explained to Dean how R&D World’s Global Funding Forecast was reporting that China will outspend the U.S. for the very first…