By Janaki Weiden – According to the 2010 Global Innovation 1000 study conducted by global management consulting firm Strategy&, the top 1,000 R&D spenders cut their investment by 3.5 percent in 2009 to $503 billion. The dip marks the first time in the 13 years of the annual study that this group of companies reduced spending on R&D activities.
At its most basic level, a bearing provides the interface between a rounded shaft and the housing in which it rotates. Though they are often constructed from steel and aluminum, bearings are increasingly designed according to the application and can include various coatings for weather-proofing, heat protection and wear-resistance. Over time, R&D has enabled the incorporation of polytetraflouroethylene (PTFE) compounds which feature the lowest coefficient of friction of all solid materials. For example, the addition of proprietary PTFE compounds results in smoother movements and higher wear resistance. The properties are essential in bearings used in a wide range of products, including those in the appliance, automotive, bicycle and solar industries. more> http://tinyurl.com/9k6xwdp
Posted in Business, Economy, Product, Science, Technology
Tagged Booz & Company, Business, Business improvement, Friction, Manufacturing, Polytetrafluoroethylene, Productivity, PTFE, Research and development
The Practical Guide to Research and Development Tax Incentives, Author: Michael Rashkin.
By George Leopold – Rashkin argues that the R&D tax credit in its current form isn’t working. Created in 1981, the provision gives US companies a tax break on R&D expenses. Other R&D incentives include faster writeoffs of equipment and favorable tax treatment for stock option costs.
According to Rashkin, the current tax structure works like this: Government agencies like the National Science Foundation fund basic research; then tax incentives and other subsidies are used to encourage product development, often based on federally funded basic research. Rather than investing in US manufacturing of new products, Rashkin told Congress that the structure encourages US companies to “park the resulting intellectual property in tax havens.” more> http://tinyurl.com/7lhazbo
Posted in Book review, Business, Economic development, Economy, Regulations
Tagged Capital, Congress, Incentive, Jobs, National Science Foundation, Research and development, Tax, Tax credit, United States, United States Congress