RIM invested $1.4 billion on R&D in 2010, leads all Canadian companies

The latest research from Research Infosource, “Canada’s source of Research and Development intelligence”, reveals that Waterloo-based RIM has lead our fine country in research and development initiatives. The report was based on fiscal 2010 numbers and showed that RIM invested $1.4 billion in R&D in 2010, up 26.3% over 2009 numbers. There were no details on the specifics of where the money was allocated, but RIM has invested heavily into new products such as the Bold 9900, BlackBerry PlayBook and the new QNX/BBX OS and BlackBerry 7 OS.

Other Canadian telecom companies to make the list were BCE in 2nd place with $821 million in R&D, Ericsson Canada at #7 with $353 million, TELUS and Rogers tied for 16th spot with $124 million.

Source: ResearchInfoSource