The United States ranks just 21 out of 30 nations in business-funded university research.
By 2008, funding of U.S. university research by business was just 0.02 percent of GDP, less than two-thirds of the average of 0.032 percent of GDP for 30 nations assessed in ITIF's report University Research Funding: The United States is Behind and Falling. In fact, the United States ranks just 21 out of 30 nations in business-funded university research. In countries like Canada, China, Germany, Israel, Korea and the Netherlands, business invests more than twice as much in university research than business in the United States. Meanwhile, other countries, including Denmark, France, Hungary, Japan, Norway, Spain, and the United Kingdom, provide firms more generous tax incentives for collaborative R&D.