| Rank |
Company |
R&D Expenditures |
Revenue |
R&D
Ratio |
Industry |
| 2001 |
2000 |
FY2001
($million) |
FY2000
($million) |
%Change
2000-2001 |
FY2001
($million) |
R&D as
% of
Revenue |
| 1 |
1 |
Nortel Networks Corporation* |
$4,992.0 |
$5,948.2 |
-16.1 |
$27,114.0 |
18.4 |
Comm/telecom equipment |
| 2 |
8 |
JDS Uniphase Corporation* |
$504.6 |
$168.4 |
199.6 |
$5,005.7 |
10.1 |
Comm/telecom equipment |
| 3 |
2 |
Pratt & Whitney Canada Corp. (fs) |
$440.0 |
$331.0 |
32.9 |
$2,600.0 |
16.9 |
Aerospace |
| 4 |
3 |
Magna International Inc.* |
$359.2 |
$246.5 |
45.7 |
$17,072.7 |
2.1 |
Automotive |
| 5 |
4 |
Ericsson Canada Inc. (fs) |
$270.0 |
$237.8 |
13.5 |
$696.0 |
38.8 |
Comm/telecom equipment |
| 6 |
5 |
ATI Technologies Inc.* |
$255.4 |
$224.3 |
13.9 |
$1,606.9 |
15.9 |
Computer equipment |
| 7 |
|
IBM Canada Ltd. (fs)(e) |
$250.0 |
$220.0 |
13.6 |
$5,250.0 |
4.8 |
Software and computer services |
| 8 |
13 |
Alcan Inc.* |
$209.0 |
$120.3 |
73.8 |
$19,550.1 |
1.1 |
Mining and metals |
| 9 |
7 |
Atomic Energy of Canada Limited |
$178.9 |
$173.4 |
3.2 |
$602.4 |
29.7 |
Energy |
| 10 |
6 |
PMC Sierra, Ltd. (fs) |
$157.0 |
$203.0 |
-22.7 |
$345.0 |
45.5 |
Electronic parts and components |
| 11 |
21 |
Tembec Inc. |
$152.1 |
$74.6 |
103.8 |
$2,990.8 |
5.1 |
Forest and paper products |
| 12 |
16 |
Creo Inc.* |
$146.7 |
$96.5 |
52.1 |
$1,016.6 |
14.4 |
Software and computer services |
| 13 |
35 |
Pfizer Canada Inc. (fs) |
$132.2 |
$43.8 |
202.1 |
$1,059.5 |
12.5 |
Pharmaceuticals/biotechnology |
| 14 |
9 |
Zarlink Semiconductor Inc. |
$131.0 |
$152.9 |
-14.3 |
$674.0 |
19.4 |
Comm/telecom equipment |
| 15 |
18 |
Ballard Power Systems Inc.* |
$128.0 |
$88.5 |
44.7 |
$56.1 |
228.4 |
Energy |
| 16 |
10 |
Bombardier Inc. |
$123.4 |
$132.2 |
-6.7 |
$16,100.6 |
0.8 |
Aerospace |
| 17 |
11 |
CAE Inc. |
$122.3 |
$126.4 |
-3.3 |
$1,191.4 |
10.3 |
Aerospace |
| 18 |
12 |
Geac Computer Corporation Limited |
$119.2 |
$120.4 |
-1.0 |
$834.8 |
14.3 |
Software and computer services |
| 19 |
|
Merck Frosst Canada Ltd. (fs) |
$119.0 |
$109.0 |
9.2 |
$776.8 |
15.3 |
Pharmaceuticals/biotechnology |
| 20 |
14 |
Apotex Inc. |
$115.0 |
$110.0 |
4.5 |
$600.0 |
19.2 |
Pharmaceuticals/biotechnology |
| 21 |
19 |
Cognos Incorporated* |
$104.2 |
$80.6 |
29.3 |
$767.5 |
13.6 |
Software and computer services |
| 22 |
15 |
Hydro-Québec |
$103.1 |
$103.0 |
0.1 |
$12,500.0 |
0.8 |
Electrical power and utilities |
| 23 |
|
GlaxoSmithKline Inc. (fs) |
$101.4 |
$113.3 |
-10.5 |
$931.1 |
10.9 |
Pharmaceuticals/biotechnology |
| 24 |
|
Mitel Networks |
$95.0 |
$80.0 |
18.8 |
$607.0 |
15.7 |
Comm/telecom equipment |
| 25 |
|
Aventis Pasteur Limited (fs) |
$83.0 |
$70.0 |
18.6 |
$211.0 |
39.3 |
Pharmaceuticals/biotechnology |
| 26 |
20 |
Biovail Corporation* |
$79.0 |
$78.2 |
1.0 |
$903.1 |
8.7 |
Pharmaceuticals/biotechnology |
| 27 |
23 |
AstraZeneca Canada Inc. (fs) |
$75.0 |
$70.6 |
6.2 |
$820.0 |
9.1 |
Pharmaceuticals/biotechnology |
| 28 |
29 |
Imperial Oil Limited (fs) |
$71.0 |
$55.0 |
29.1 |
$17,153.0 |
0.4 |
Oil and gas |
| 29 |
28 |
MDS Inc. |
$68.0 |
$56.0 |
21.4 |
$1,636.0 |
4.2 |
Health services |
| 30 |
24 |
Motorola Canada Limited (fs) |
$64.0 |
$67.0 |
-4.5 |
$1,100.0 |
5.8 |
Comm/telecom equipment |
| 31 |
26 |
NOVA Chemicals Corporation* |
$61.9 |
$60.9 |
1.7 |
$4,945.6 |
1.3 |
Chemicals and materials |
| 32 |
27 |
Hummingbird Ltd.* |
$61.5 |
$57.2 |
7.5 |
$322.0 |
19.1 |
Software and computer services |
| 33 |
33 |
724 Solutions Inc.* |
$60.5 |
$48.5 |
24.8 |
$67.8 |
89.1 |
Comm/telecom equipment |
| 34 |
53 |
BCE Emergis Inc. |
$58.3 |
$28.0 |
108.2 |
$656.4 |
8.9 |
Telecommunications services |
| 35 |
31 |
Bayer Inc. (fs) |
$56.2 |
$50.7 |
10.8 |
$1,560.3 |
3.6 |
Pharmaceuticals/biotechnology |
| 36 |
38 |
C-MAC Industries Inc.+** |
$53.4 |
$41.5 |
28.8 |
$1,900.0 |
2.8 |
Electronic parts and components |
| 37 |
|
Aventis Pharma Inc. (fs) |
$52.0 |
$44.0 |
18.2 |
$374.0 |
13.9 |
Pharmaceuticals/biotechnology |
| 38 |
30 |
QLT Inc. |
$49.9 |
$50.8 |
-1.9 |
$129.5 |
38.5 |
Pharmaceuticals/biotechnology |
| 39 |
41 |
Syncrude Canada Ltd. |
$48.3 |
$37.0 |
30.5 |
$3,200.0 |
1.5 |
Oil and gas |
| 40 |
55 |
Alberta Energy Company Ltd.+ |
$48.1 |
$27.4 |
75.5 |
$6,272.0 |
0.8 |
Oil and gas |
| 41 |
|
PanCanadian Energy Corporation+ |
$47.2 |
$51.5 |
-8.3 |
$10,098.0 |
0.5 |
Oil and gas |
| 42 |
36 |
DuPont Canada Inc. (fs) |
$45.1 |
$42.1 |
7.2 |
$2,191.1 |
2.1 |
Chemicals and materials |
| 43 |
37 |
Biomira Inc. |
$42.1 |
$42.1 |
0.1 |
$7.3 |
574.1 |
Pharmaceuticals/biotechnology |
| 44 |
|
Ontario Power Generation Inc. |
$42.0 |
$45.0 |
-6.7 |
$6,239.0 |
0.7 |
Energy |
| 45 |
40 |
Husky Injection Molding Systems Ltd.* |
$40.3 |
$38.3 |
5.1 |
$991.3 |
4.1 |
Machinery |
| 46 |
73 |
Research In Motion Limited* |
$39.8 |
$18.2 |
118.8 |
$342.7 |
11.6 |
Comm/telecom equipment |
| 47 |
32 |
GSI Lumonics Inc.* |
$39.7 |
$50.4 |
-21.2 |
$383.9 |
10.3 |
Electronic parts and components |
| 48 |
25 |
Corel Corporation* |
$39.1 |
$65.2 |
-40.0 |
$208.0 |
18.8 |
Software and computer services |
| 49 |
45 |
Janssen-Ortho Inc. (fs) |
$38.8 |
$36.4 |
6.5 |
$429.2 |
9.0 |
Pharmaceuticals/biotechnology |
| 50 |
57 |
Open Text Corporation* |
$37.6 |
$26.4 |
42.8 |
$228.7 |
16.5 |
Software and computer services |
| 51 |
44 |
Eli Lilly Canada Inc. (fs) |
$37.4 |
$36.5 |
2.4 |
$347.6 |
10.8 |
Pharmaceuticals/biotechnology |
| 52 |
34 |
Noranda Inc. |
$37.0 |
$48.0 |
-22.9 |
$6,152.0 |
0.6 |
Mining and metals |
| 53 |
56 |
Leitch Technology Corporation |
$37.0 |
$26.6 |
38.9 |
$219.6 |
16.8 |
Comm/telecom equipment |
| 54 |
65 |
Stressgen Biotechnologies Corporation |
$35.9 |
$22.4 |
60.4 |
$5.4 |
662.6 |
Pharmaceuticals/biotechnology |
| 55 |
58 |
MOSAID Technologies Incorporated |
$35.2 |
$23.5 |
49.6 |
$81.6 |
43.1 |
Comm/telecom equipment |
| 56 |
46 |
Novartis Pharmaceuticals Canada Inc. (fs) |
$34.1 |
$33.7 |
1.2 |
nd |
|
Pharmaceuticals/biotechnology |
| 57 |
72 |
World Heart Corporation |
$33.6 |
$18.4 |
82.6 |
$8.3 |
407.1 |
Medical devices/instrumentation |
| 58 |
|
Precision Drilling Corporation |
$32.4 |
$20.3 |
59.9 |
$1,953.6 |
1.7 |
Energy |
| 59 |
43 |
CMC Electronics Inc. |
$32.0 |
$36.7 |
-12.9 |
$340.0 |
9.4 |
Comm/telecom equipment |
| 60 |
47 |
Inco Limited* |
$31.0 |
$32.7 |
-5.2 |
$3,199.0 |
1.0 |
Mining and metals |
| 61 |
77 |
Sierra Wireless, Inc.* |
$30.8 |
$16.9 |
82.6 |
$92.4 |
33.3 |
Electronic parts and components |
| 62 |
59 |
Hemosol Inc. |
$30.2 |
$23.4 |
29.1 |
$0.0 |
|
Pharmaceuticals/biotechnology |
| 63 |
63 |
AEterna Laboratories Inc. |
$29.2 |
$22.6 |
29.1 |
$43.8 |
66.8 |
Pharmaceuticals/biotechnology |
| 64 |
|
Pivotal Corporation* |
$29.0 |
$13.2 |
119.5 |
$147.5 |
19.7 |
Software and computer services |
| 65 |
|
EXFO Electro-Optical Engineering Inc.* |
$27.3 |
$13.9 |
95.8 |
$226.1 |
12.1 |
Comm/telecom equipment |
| 66 |
92 |
AltaRex Corp. |
$26.9 |
$12.0 |
123.9 |
$0.0 |
|
Pharmaceuticals/biotechnology |
| 67 |
|
Delano Technology Corporation* |
$26.9 |
$5.4 |
396.8 |
$47.0 |
57.2 |
Software and computer services |
| 68 |
51 |
Celestica Inc.* |
$26.5 |
$29.0 |
-8.7 |
$15,490.8 |
0.2 |
Electronic parts and components |
| 69 |
52 |
SR Telecom Inc. |
$26.0 |
$28.3 |
-7.8 |
$161.5 |
16.1 |
Comm/telecom equipment |
| 70 |
68 |
COM DEV International Ltd. |
$25.9 |
$20.6 |
25.9 |
$123.1 |
21.1 |
Comm/telecom equipment |
| 71 |
75 |
Psion Teklogix Inc. (fs) |
$25.6 |
$17.9 |
43.0 |
$283.2 |
9.1 |
Software and computer services |
| 72 |
39 |
Schering Canada Inc. (fs) |
$25.2 |
$38.7 |
-34.8 |
$282.7 |
8.9 |
Pharmaceuticals/biotechnology |
| 73 |
66 |
Descartes Systems Group Inc.* |
$25.0 |
$22.3 |
12.3 |
$103.2 |
24.2 |
Software and computer services |
| 74 |
74 |
Gennum Corporation |
$22.5 |
$18.0 |
25.2 |
$93.1 |
24.2 |
Electronic parts and components |
| 75 |
62 |
Xerox Canada Inc.++(fs) |
$21.6 |
$22.8 |
-5.0 |
$1,520.0 |
1.4 |
Machinery |
| 76 |
79 |
Inex Pharmaceuticals Corporation |
$21.2 |
$15.3 |
38.9 |
$5.5 |
385.5 |
Pharmaceuticals/biotechnology |
| 77 |
|
Westport Innovations Inc. |
$21.0 |
$8.1 |
157.5 |
$0.1 |
|
Transportation |
| 78 |
42 |
Genpharm Inc. (fs) |
$20.9 |
$36.8 |
-43.1 |
$210.5 |
9.9 |
Pharmaceuticals/biotechnology |
| 79 |
67 |
Accelio Corporation+ |
$20.1 |
$20.7 |
-2.9 |
$100.6 |
20.0 |
Software and computer services |
| 79 |
91 |
MGI Software Corp. |
$20.1 |
$12.6 |
59.4 |
$47.1 |
42.7 |
Software and computer services |
| 81 |
|
Certicom Corp.* |
$19.9 |
$6.6 |
201.0 |
$41.3 |
48.2 |
Comm/telecom equipment |
| 82 |
49 |
Westaim Corporation |
$19.4 |
$30.1 |
-35.4 |
$68.9 |
28.2 |
Electronic parts and components |
| 83 |
|
Royal Group Technologies Limited |
$19.0 |
$19.1 |
-0.3 |
$1,669.0 |
1.1 |
Other manufacturing |
| 84 |
88 |
Cognicase Inc. |
$19.0 |
$14.5 |
31.3 |
$405.5 |
4.7 |
Software and computer services |
| 85 |
|
ConjuChem Inc. |
$17.8 |
$7.9 |
123.9 |
$1.1 |
1,551.5 |
Pharmaceuticals/biotechnology |
| 86 |
|
Tundra Semiconductor Corporation |
$17.7 |
$10.4 |
70.6 |
$64.7 |
27.4 |
Electronic parts and components |
| 87 |
|
Teck Cominco Limited |
$17.0 |
$23.0 |
-26.1 |
$2,380.0 |
0.7 |
Mining and metals |
| 88 |
54 |
Falconbridge Limited |
$16.9 |
$28.0 |
-39.5 |
$2,138.2 |
0.8 |
Mining and metals |
| 89 |
70 |
Cangene Corporation |
$16.8 |
$18.9 |
-11.1 |
$68.1 |
24.7 |
Pharmaceuticals/biotechnology |
| 90 |
78 |
Visible Genetics Inc.* |
$16.8 |
$15.8 |
6.5 |
$21.0 |
79.8 |
Pharmaceuticals/biotechnology |
| 91 |
81 |
Financial Models Company Inc. |
$16.2 |
$14.6 |
11.5 |
$78.9 |
20.6 |
Software and computer services |
| 92 |
82 |
Wescam Inc. |
$15.6 |
$14.5 |
7.9 |
$166.4 |
9.4 |
Comm/telecom equipment |
| 93 |
48 |
Moore Corporation Limited* |
$15.5 |
$31.4 |
-50.7 |
$3,336.1 |
0.5 |
Other manufacturing |
| 93 |
|
Ceyba Corp.* |
$15.5 |
nc |
|
$0.0 |
|
Comm/telecom equipment |
| 95 |
|
Angiotech Pharmaceuticals, Inc. |
$15.1 |
$9.6 |
57.3 |
$1.1 |
1,346.6 |
Pharmaceuticals/biotechnology |
| 96 |
|
Global Thermoelectric Inc. |
$15.1 |
$2.7 |
452.4 |
$15.4 |
98.2 |
Energy |
| 97 |
|
NSI Global Inc. |
$15.1 |
$6.2 |
144.6 |
$91.9 |
16.4 |
Comm/telecom equipment |
| 98 |
|
Spectra Securities Software Inc. |
$15.0 |
$13.9 |
7.8 |
$20.0 |
75.0 |
Software and computer services |
| 99 |
|
Suncor Energy Inc. |
$15.0 |
$2.0 |
650.0 |
$3,990.0 |
0.4 |
Energy |
| 100 |
83 |
Rio Tinto Iron & Titanium Inc. (fs) |
$14.5 |
$14.4 |
0.8 |
$900.0 |
1.6 |
Mining and metals |
R&D Expenditures:
We have attempted, wherever possible, to provide gross R&D expenditures before deduction of investment tax credits or government grants.
Apparent tied rankings are due to rounding of R&D expenditures.
FY 2000 R&D expenditures figures may have been adjusted, as more accurate information became available.
Revenue:
We have attempted, wherever possible, to provide revenue figures net of interest and investment income.
|
* = converted to CDN$ at average 2000 = $1.4852, 2001 = 1.5484 (Bank of Canada)
+ = current name is different
fs = foreign subsidiary nc = new company nd = not disclosed
** financial information for 9 months only
e = Research Infosource Inc. estimate
++ = revenue provided is from FY 2000, FY 2001 revenue not available in time for publication
Numbers do not always add due to rounding or missing information.
|
RE$EARCH Infosource Inc. is Canada's leading firm providing business intelligence information and analysis for science, technology, research, development and innovation.
Data used for this table were extracted from our Canadian Corporate R&D Database, a proprietary database. Companies wishing to be included in future editions of the Top 100 List and Database, or who wish to adjust their figures should contact us directly. Additional copies of the Top 100 List are available online at www.researchinfosource.com or by calling or faxing us: Telephone (416) 481-7070 ext. 22; Fax (416) 481-7120.
Canada's Top 100 Corporate R&D Spenders List 2002 © RE$EARCH Infosource Inc. 2002
© RE$EARCH Infosource Inc. 2002 - Unauthorized reproduction prohibited - Do not copy
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