TheSensors and Instrumentation Knowledge Transfer Network
has released initial results from an ongoing survey being carried out among the industrial members of its 1500-strong network.
It reveals that
The survey also reveals that much of this money will continue to be spent on outsourcing research to third parties or partnering with them, and that the majority of these are expected to be academic institutions.
The results demonstrate that the
‘This a £25bn European market of which the
‘This survey shows we are moving in the right direction and that companies are pushing hard to grow and develop, but there is always more to do,’ added Aliwell. ‘The KTN is constantly evaluating new ways to deliver successful partnerships across this community to bring academia and industry together. That is one of the reasons this network exists.’
The survey, whose respondents represent more than 10,000
Fifty seven per cent of respondents said they expected to increase their research budgets during the next 12 months. Three quarters of respondents said they would outsource this responsibility and 71 per cent of these organisations believe that universities will be their partners during the next year.
The survey will now continue and be expanded to involve academic as well as industrial KTN members to broaden the trends identified.