Industrial firms spend 36.6% more on innovation in 2022

In 2022, spending on innovation in industrial enterprises reached PLN 26,011.7 million, a 36.6% increase from the previous year. Service enterprises also saw a rise of 32.8%, totaling PLN 29,689.1 million, with a 14.1% higher investment in innovation compared to industrial counterparts. Both sectors primarily allocated funds to research and development, constituting 49.2% and 55.4% of innovation spending, respectively.

Investments in tangible assets and intangible assets made up significant portions as well. The report highlights that in 2022, 38% of industrial revenue came from selling innovative products, while in services, it was 45.7%. The data also shows an increase in the introduction of innovations in both industrial (32.2%) and service (32.1%) enterprises from 2020-2022 compared to the previous period. Notably, innovative practices were prominent in specific industrial sectors and services, as indicated by GUS.

Source: inwestycje.pl