The 2008 report on Canadian R&D spending from Research Infosource identifies the following top 10 R&D spenders –
|Pratt and Whitney||$.444B|
|Atomic Energy of Canada||$.228B|
Nortel currently accounts for 32% of the R&D spend in the top 10 spenders in Canada, and Magna (automotive parts) currently accounts for 13%. Over 45% of the R&D spend of the top 10 spenders in Canada is in decline and at risk of evaporating to nothing.
Unfortunately – RIM which is always held up as the shining tech light for Canada – isn’t even in the same league as Nortel and never will be. It could be argued that RIM is likely to rapidly diminish in size/scope over the coming years as technologies such as the iPhone and Android continue to see rapid adoption.