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Germany hits 3 per cent target, proclaim funders

Germany has achieved the goal set by the EU of spending 3 per cent of GDP on R&D, according to data from the Stifterverband.

R&D spending by Germany’s businesses rose by 5.3 per cent from 2011 to 2012, which was enough for the country to hit the EU target, the Stifterverband association of research funders said. Business spending on research and technology development activities was €53.8 billion in 2012, the data show.

The increase in business spending was supported by a more modest increase in government spending on science, and a 3.8 per cent increase in business funding for university research. German companies gave €12.8bn to academic research in 2012—the highest amount ever, the Stifterverband said.

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