10 Companies with Highest R&D Expenditures

9. Procter & Gamble
Sector: Consumer
Global Rank: 9
Total R&D Spending: $2 Billion

Procter & Gamble (P&G), not only launches new products in the market, they creates those products. From disposable diapers to crest teeth-whitening kits, P&G created many more products that exist in the market today.

P&G has around 1,000 Ph.D.’s among its 8000 employees. It has more than 41,000 active patents and receives around 3,800 new patents every year.

P&G’s innovative ideas have made it the first choice in the list of consumer products companies.

10. 3M
Sector: Industrials
Global Rank: 10
Total R&D Spending: $1.6 Billion

3M has more than 65,000 scientists and engineers. Most of these people have a decade long history of developing and breaking challenges.

3M offers industrial, consumer, health care, security, transportation and many other services. Very recently, 3M has developed one of its R&D centers, worth 100 crore in Bangalore (Karnataka, India). This centre is believed to have more than 25 labs for 3M.

Also Read:
10 Money Habits of Highly Successful Women
10 Most Influential Brands of the World