As part of our public policy to increase and promote R&D activities on the island, the Departamento de Desarrollo Económico y Comercio commissioned a survey that had not been performed since 2014, to understand what is state of R&D on the island, including information about spend, FTEs working on R&D, profile of companies, etc. The survey, who was led by Dr. Manuel Lobato , in collaboration with our DDEC economic team, found among other things, that not only has R&D spend increased (~45%), but that it was driven by local companies (increase from 30% of the spend in 2014, to 40% now). The results are encouraging, giving us confidence that innovation on the island is growing, and that policies put in place over the years, are having positive results. We will continue to monitor this as we continue to invest on building R&D capabilities and infrastructure on the island in our pursuit of having an innovation based economy.
Humberto This is fantastic news for Puerto Rico. Research and Development (R&D) are vital for improving global health. They create treatments for various diseases, improve access to healthcare, and stimulate the economy by generating new jobs and innovations. The impact of R&D extends beyond health, strengthening both society and the economy.
Excelente noticia! Por ahí es que queremos ir, contribuir y colaborar. Que privilegio será trabajar con ustedes las oportunidades que tenemos disponibles para nuestra gente en Puerto Rico! 🙏🇵🇷
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Bring back 936
The best is yet to come!
Brutal! Keep up the good work.
Great job!
Deputy Secretary for Academic Affairs - PRDE
3moThis is great work. I am absolutely proud of our team at the DDEC. Data-driven decision-making is the way to go for economic and social development.