Table of Contents
- 1 Where is the majority of research money spent?
- 2 How much money does the US spend on research?
- 3 How much do US companies spend on R&D?
- 4 How much medical research is funded by the US government?
- 5 How much of the US federal budget goes towards supporting science and research?
- 6 Which universities get the most federal research funding?
- 7 Which company has the largest R&D budget?
- 8 How much did the US spend on R&D in 2020?
- 9 Which colleges have the highest funding for research and development?
- 10 How much does Johns Hopkins spend on research and development (R&D)?
Where is the majority of research money spent?
Three-Way Split. According to the National Science Foundation, 29 percent of federal R&D money goes to universities, 29 percent goes to industry, and another 29 percent goes to researchers who work directly for federal agencies.
How much money does the US spend on research?
In current dollars, federal funding for R&D grew from $3.5 billion in 1955 to $138.9 billion in 2019, a compound annual growth rate (CAGR) of 5.9\%.
What is the most funded research?
Top 15 NIH-funded disease areas
| The top 15 NIH-funded disease areas | ||
|---|---|---|
| Disease area | FY 2012 (millions) | FY 2015 (est. in millions) |
| 1. Cancer | $5,621 | $5,418 |
| 2. Infectious diseases | $3,867 | $5,015 |
| 3. Brain disorders | $3,968 | $3,799 |
How much do US companies spend on R&D?
The US spent $581 billion in R&D in 2018. The US invested a total of $194.2 billion on medical and health R&D. The top 5 technology companies spent $76 billion on R&D in 2018. Worldwide pharmaceutical R&D spending in 2017 spiked to $165 billion, showing a rise of 3.5\%.
How much medical research is funded by the US government?
The federal government is a major funder of basic research, and between 2000 and 2017, the share of basic research funded by the federal government declined from 58\% to 42\%.
How much does the US government spend on drug research?
The cost of developing a new drug has been estimated to be more than $1 billion. Development of this scale involves multiple financing mechanisms, as well as the involvement of numerous partners throughout the process.
How much of the US federal budget goes towards supporting science and research?
The federal government is a major funder of basic research, and between 2000 and 2017, the share of basic research funded by the federal government declined from 58\% to 42\%. Federally funded applied research was an exception during this period, as both the level and share rose.
Which universities get the most federal research funding?
Colleges With the Highest Research and Development Funding
- Duke University.
- Harvard University.
- Stanford University.
- University of North Carolina – Chapel Hill.
- University of California – Los Angeles.
- Cornell University.
- Massachusetts Institute of Technology. Location Cambridge, MA.
- Yale University. Location New Haven, CT.
How much money has the NIH spent on Covid research?
NIH has received almost $4.9 billion to date to fund important COVID-19 research on diagnostic tests, vaccines, and treatments. More than $940 million came from the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020, with supplemental funding coming from the U.S. Congress .
Which company has the largest R&D budget?
Top R&D Spenders
- Samsung. R&D Spending: $14.9 billion.
- Alphabet. R&D Spending: $14.8 billion.
- Volkswagen. R&D Spending: $14.5 billion.
- Microsoft. R&D Spending: $13.6 billion.
- Huawei. R&D Spending: $12.5 billion.
- Intel. R&D Spending: $12 billion.
- Apple. R&D Spending: $10.7 billion.
- Roche. R&D Spending: $9.8 billion.
How much did the US spend on R&D in 2020?
While the previous administration proposed $134 billion for federal R&D spending in 2020, the Biden administration is now asking for almost double that number—around $250 billion.
How much does the NIH spend on medical research each year?
Research for the People. The NIH invests nearly $39.2* billion annually in medical research for the American people.
Which colleges have the highest funding for research and development?
The University of Washington claims a top spot among the colleges with the highest research and development funding, with expenditures of more than $1.3 billion annually. The university focuses on social science research, examining subjects such as human rights and governance.
How much does Johns Hopkins spend on research and development (R&D)?
Johns Hopkins University spends more than $2.5 billion per year on R&D. In fact, the school has topped the list of the National Science Foundation’s ranking of colleges with the highest research and development funding for 10 consecutive years.
How much does the world spend on space each year?
0.03\%. It’s also interesting to work out how much is spent per person: Considering the total budget for the world for space (~25 billion dollars), the total amount spent per person is $3.90 (working on 6.4 billion people), and the percentage of the GDP of the world which is spent on space is roughly 0.05\%.