| Rank |
Company |
R&D Expenditures |
Revenue |
R&D
Ratio |
Industry |
| 2002 |
2001 |
FY2002
$000 |
FY2001
$000 |
%Change
2001-2002 |
FY2002
$000 |
R&D as
% of
Revenue** |
| 1 |
1 |
Nortel Networks Corporation* |
$3,501,992 |
$4,992,042 |
-29.8 |
$16,583,424 |
21.1 |
Comm/telecom equipment |
| 2 |
4 |
Magna International Inc.* |
$574,766 |
$359,229 |
60.0 |
$20,369,658 |
2.8 |
Automotive |
| 3 |
3 |
Pratt & Whitney Canada Corp. (fs) |
$428,000 |
$440,000 |
-2.7 |
$2,390,000 |
17.9 |
Aerospace |
| 4 |
2 |
JDS Uniphase Corporation* |
$400,138 |
$504,624 |
-20.7 |
$1,724,613 |
23.2 |
Comm/telecom equipment |
| 5 |
7 |
IBM Canada Ltd. (fs)(e) |
$315,300 |
$250,000 |
26.1 |
$5,275,000 |
6.0 |
Software and computer services |
| 6 |
119 |
Bell Canada++ |
$300,000 |
$285,000 |
5.3 |
$14,403,000 |
2.1 |
Telecommunications services |
| 7 |
6 |
ATI Technologies Inc.* |
$286,361 |
$255,436 |
12.1 |
$1,604,512 |
17.8 |
Computer equipment |
| 8 |
16 |
Bombardier Inc. |
$233,500 |
$123,400 |
89.2 |
$21,633,800 |
1.1 |
Aerospace |
| 9 |
5 |
Ericsson Canada Inc. (fs) |
$201,000 |
$270,000 |
-25.6 |
$482,000 |
41.7 |
Comm/telecom equipment |
| 10 |
8 |
Alcan Inc.* |
$180,596 |
$209,034 |
-13.6 |
$19,692,816 |
0.9 |
Mining and metals |
| 11 |
15 |
Ballard Power Systems Inc.* |
$178,611 |
$128,031 |
39.5 |
$142,807 |
125.1 |
Primary energy |
| 12 |
9 |
Atomic Energy of Canada Limited |
$161,936 |
$178,945 |
-9.5 |
$495,783 |
32.7 |
Primary energy |
| 13 |
20 |
Apotex Inc. |
$153,217 |
$115,000 |
33.2 |
$749,821 |
20.4 |
Pharmaceuticals/biotechnology |
| 14 |
13 |
Pfizer Canada Inc. (fs) |
$151,979 |
$132,235 |
14.9 |
$1,231,127 |
12.3 |
Pharmaceuticals/biotechnology |
| 15 |
12 |
Creo Inc.* |
$138,903 |
$146,709 |
-5.3 |
$847,784 |
16.4 |
Software and computer services |
| 16 |
10 |
PMC Sierra, Ltd. (fs) |
$131,284 |
$157,000 |
-16.4 |
$191,001 |
68.7 |
Electronic parts and components |
| 17 |
14 |
Zarlink Semiconductor Inc.* |
$131,128 |
$131,000 |
0.1 |
$348,786 |
37.6 |
Comm/telecom equipment |
| 18 |
23 |
GlaxoSmithKline Inc. (fs) |
$122,232 |
$101,373 |
20.6 |
$1,010,927 |
12.1 |
Pharmaceuticals/biotechnology |
| 19 |
19 |
Merck Frosst Canada Ltd. (fs) |
$120,987 |
$119,000 |
1.7 |
$985,264 |
12.3 |
Pharmaceuticals/biotechnology |
| 20 |
17 |
CAE Inc. |
$117,344 |
$122,270 |
-4.0 |
$1,126,500 |
10.4 |
Aerospace |
| 21 |
21 |
Cognos Incorporated* |
$117,174 |
$104,152 |
12.5 |
$771,541 |
15.2 |
Software and computer services |
| 22 |
11 |
Tembec Inc. |
$111,481 |
$152,105 |
-26.7 |
$3,391,000 |
3.3 |
Forest and paper products |
| 23 |
25 |
Aventis Pasteur Limited (fs) |
$105,746 |
$83,000 |
27.4 |
$231,800 |
45.6 |
Pharmaceuticals/biotechnology |
| 24 |
22 |
Hydro-Québec |
$102,100 |
$103,100 |
-1.0 |
$13,002,000 |
0.8 |
Electrical power and utilities |
| 25 |
27 |
AstraZeneca Canada Inc. (fs) |
$96,952 |
$74,971 |
29.3 |
$892,678 |
10.9 |
Pharmaceuticals/biotechnology |
| 26 |
18 |
Geac Computer Corporation Limited |
$92,792 |
$119,214 |
-22.2 |
$719,452 |
12.9 |
Software and computer services |
| 27 |
29 |
MDS Inc. |
$85,000 |
$68,000 |
25.0 |
$1,792,000 |
4.7 |
Health services |
| 28 |
26 |
Biovail Corporation* |
$81,896 |
$78,995 |
3.7 |
$1,237,514 |
6.6 |
Pharmaceuticals/biotechnology |
| 29 |
46 |
Research In Motion Limited* |
$77,761 |
$39,755 |
95.6 |
$461,781 |
16.8 |
Comm/telecom equipment |
| 30 |
|
EnCana Corporation |
$76,000 |
$100,000 |
-24.0 |
$10,011,000 |
0.8 |
Oil and gas |
| 31 |
34 |
BCE Emergis Inc. |
$74,300 |
$63,200 |
17.6 |
$539,900 |
13.8 |
Telecommunications services |
| 32 |
38 |
QLT Inc.* |
$66,745 |
$49,858 |
33.9 |
$173,496 |
38.5 |
Pharmaceuticals/biotechnology |
| 33 |
37 |
Aventis Pharma Inc. (fs) |
$64,000 |
$52,000 |
23.1 |
$450,000 |
14.2 |
Pharmaceuticals/biotechnology |
| 33 |
28 |
Imperial Oil Limited (fs) |
$64,000 |
$71,000 |
-9.9 |
$16,890,000 |
0.4 |
Oil and gas |
| 35 |
31 |
NOVA Chemicals Corporation* |
$61,246 |
$61,936 |
-1.1 |
$4,854,106 |
1.3 |
Chemicals and materials |
| 36 |
30 |
Motorola Canada Limited (fs) |
$54,900 |
$64,000 |
-14.2 |
$1,157,000 |
4.7 |
Comm/telecom equipment |
| 37 |
32 |
Hummingbird Ltd.* |
$54,898 |
$61,496 |
-10.7 |
$283,300 |
19.4 |
Software and computer services |
| 38 |
42 |
DuPont Canada Inc. (fs) |
$53,951 |
$45,144 |
19.5 |
$2,468,430 |
2.2 |
Chemicals and materials |
| 39 |
39 |
Syncrude Canada Ltd. |
$52,300 |
$48,300 |
8.3 |
$3,390,000 |
1.5 |
Oil and gas |
| 40 |
|
Hyperchip Inc.* |
$52,007 |
$49,812 |
4.4 |
$0 |
|
Comm/telecom equipment |
| 41 |
48 |
Corel Corporation* |
$47,103 |
$39,099 |
20.5 |
$198,971 |
23.7 |
Software and computer services |
| 42 |
49 |
Janssen-Ortho Inc. (fs) |
$41,288 |
$38,814 |
6.4 |
$503,682 |
8.2 |
Pharmaceuticals/biotechnology |
| 43 |
51 |
Eli Lilly Canada Inc. (fs) |
$40,895 |
$37,393 |
9.4 |
$428,068 |
9.6 |
Pharmaceuticals/biotechnology |
| 44 |
77 |
Westport Innovations Inc. |
$40,100 |
$21,051 |
90.5 |
$31,370 |
127.8 |
Transportation |
| 45 |
|
TELUS Corporation |
$40,000 |
$32,000 |
25.0 |
$7,006,700 |
0.6 |
Telecommunications services |
| 46 |
44 |
Ontario Power Generation Inc. |
$39,000 |
$42,000 |
-7.1 |
$5,746,000 |
0.7 |
Electrical power and utilities |
| 47 |
73 |
Descartes Systems Group Inc.* |
$38,461 |
$25,004 |
53.8 |
$124,928 |
30.8 |
Software and computer services |
| 48 |
35 |
Bayer Inc. (fs) |
$37,935 |
$56,244 |
-32.6 |
$1,547,306 |
2.5 |
Pharmaceuticals/biotechnology |
| 49 |
50 |
Open Text Corporation* |
$37,801 |
$37,643 |
0.4 |
$239,450 |
15.8 |
Software and computer services |
| 50 |
53 |
Leitch Technology Corporation |
$37,353 |
$36,960 |
1.1 |
$198,242 |
18.8 |
Comm/telecom equipment |
| 51 |
56 |
Novartis Pharmaceuticals Canada Inc. (fs) |
$35,000 |
$34,064 |
2.7 |
nd |
|
Pharmaceuticals/biotechnology |
| 52 |
58 |
Precision Drilling Corporation |
$34,862 |
$32,440 |
7.5 |
$1,689,150 |
2.1 |
Primary energy |
| 53 |
76 |
Inex Pharmaceuticals Corporation |
$34,108 |
$21,228 |
60.7 |
$7,985 |
427.2 |
Pharmaceuticals/biotechnology |
| 54 |
54 |
Stressgen Biotechnologies Corporation |
$33,675 |
$35,906 |
-6.2 |
$14,042 |
239.8 |
Pharmaceuticals/biotechnology |
| 55 |
85 |
ConjuChem Inc. |
$32,634 |
$17,796 |
83.4 |
$468 |
6,973.1 |
Pharmaceuticals/biotechnology |
| 56 |
62 |
Hemosol Inc. |
$32,444 |
$30,157 |
7.6 |
$0 |
|
Pharmaceuticals/biotechnology |
| 57 |
47 |
GSI Lumonics Inc.* |
$32,105 |
$40,776 |
-21.3 |
$249,804 |
12.9 |
Electronic parts and components |
| 58 |
55 |
MOSAID Technologies Incorporated |
$30,549 |
$35,182 |
-13.2 |
$50,153 |
60.9 |
Comm/telecom equipment |
| 59 |
78 |
Genpharm Inc. (fs) |
$28,900 |
$20,927 |
38.1 |
$272,800 |
10.6 |
Pharmaceuticals/biotechnology |
| 60 |
68 |
Celestica Inc.* |
$28,581 |
$26,478 |
7.9 |
$12,989,721 |
0.2 |
Electronic parts and components |
| 61 |
69 |
SR Telecom Inc. |
$28,555 |
$26,048 |
9.6 |
$196,903 |
14.5 |
Comm/telecom equipment |
| 62 |
43 |
Biomira Inc. |
$28,304 |
$42,117 |
-32.8 |
$5,304 |
533.6 |
Pharmaceuticals/biotechnology |
| 63 |
74 |
Gennum Corporation |
$27,671 |
$22,523 |
22.9 |
$116,314 |
23.8 |
Electronic parts and components |
| 64 |
59 |
CMC Electronics Inc. |
$27,400 |
$32,100 |
-14.6 |
$356,800 |
7.7 |
Comm/telecom equipment |
| 65 |
61 |
Sierra Wireless, Inc.* |
$26,767 |
$30,829 |
-13.2 |
$121,125 |
22.1 |
Electronic parts and components |
| 66 |
65 |
EXFO Electro-Optical Engineering Inc.* |
$26,705 |
$27,253 |
-2.0 |
$107,305 |
24.9 |
Comm/telecom equipment |
| 67 |
60 |
Inco Limited* |
$26,697 |
$30,968 |
-13.8 |
$3,393,634 |
0.8 |
Mining and metals |
| 68 |
64 |
Pivotal Corporation* |
$26,639 |
$29,033 |
-8.2 |
$109,325 |
24.4 |
Software and computer services |
| 69 |
104 |
Theratechnologies Inc. |
$26,613 |
$13,952 |
90.7 |
$3,495 |
761.5 |
Pharmaceuticals/biotechnology |
| 70 |
33 |
724 Solutions Inc.* |
$26,125 |
$60,468 |
-56.8 |
$32,551 |
80.3 |
Comm/telecom equipment |
| 71 |
63 |
AEterna Laboratories Inc. |
$26,062 |
$29,222 |
-10.8 |
$101,204 |
25.8 |
Pharmaceuticals/biotechnology |
| 72 |
82 |
Westaim Corporation |
$25,692 |
$19,440 |
32.2 |
$49,063 |
52.4 |
Electronic parts and components |
| 73 |
45 |
Husky Injection Molding Systems Ltd.* |
$25,126 |
$40,258 |
-37.6 |
$912,318 |
2.8 |
Machinery |
| 74 |
57 |
World Heart Corporation |
$25,016 |
$33,595 |
-25.5 |
$10,107 |
247.5 |
Medical devices/instrumentation |
| 75 |
96 |
Global Thermoelectric Inc. |
$23,321 |
$15,087 |
54.6 |
$22,311 |
104.5 |
Primary energy |
| 76 |
163 |
Aastra Technologies Limited |
$23,058 |
$8,215 |
180.7 |
$212,672 |
10.8 |
Comm/telecom equipment |
| 77 |
75 |
Xerox Canada Inc. (fs) |
$22,874 |
$21,605 |
5.9 |
$1,186,060 |
1.9 |
Machinery |
| 78 |
86 |
Tundra Semiconductor Corporation |
$21,696 |
$22,039 |
-1.6 |
$28,800 |
75.3 |
Electronic parts and components |
| 79 |
83 |
Royal Group Technologies Limited |
$21,688 |
$19,043 |
13.9 |
$1,915,230 |
1.1 |
Other manufacturing |
| 80 |
107 |
Isotechnika Inc. |
$21,281 |
$13,388 |
59.0 |
$18,761 |
113.4 |
Pharmaceuticals/biotechnology |
| 81 |
52 |
Noranda Inc. |
$21,000 |
$37,000 |
-43.2 |
$6,090,000 |
0.3 |
Mining and metals |
| 82 |
105 |
DALSA Corporation |
$20,686 |
$13,625 |
51.8 |
$112,567 |
18.4 |
Electronic parts and components |
| 83 |
115 |
SNC-Lavalin Group Inc. |
$19,832 |
$12,400 |
59.9 |
$3,431,650 |
0.6 |
Engineering services |
| 84 |
87 |
Teck Cominco Limited |
$19,000 |
$17,000 |
11.8 |
$2,187,000 |
0.9 |
Mining and metals |
| 85 |
89 |
Cangene Corporation |
$18,800 |
$16,829 |
11.7 |
$88,151 |
21.3 |
Pharmaceuticals/biotechnology |
| 86 |
91 |
Financial Models Company Inc. |
$18,660 |
$16,242 |
14.9 |
$76,193 |
24.5 |
Software and computer services |
| 87 |
100 |
Rio Tinto Iron & Titanium Inc. (fs) |
$18,000 |
$14,500 |
24.1 |
$840,000 |
2.1 |
Mining and metals |
| 88 |
113 |
CGI Group Inc. |
$17,609 |
$12,585 |
39.9 |
$2,169,613 |
0.8 |
Software and computer services |
| 89 |
108 |
Stuart Energy Systems Corporation |
$17,250 |
$13,332 |
29.4 |
$7,909 |
218.1 |
Primary energy |
| 90 |
126 |
General Electric Canada Inc. (fs) |
$17,176 |
$10,257 |
67.5 |
$1,929,496 |
0.9 |
Other manufacturing |
| 91 |
106 |
GlycoDesign Inc. |
$17,169 |
$13,467 |
27.5 |
$3,017 |
569.1 |
Pharmaceuticals/biotechnology |
| 92 |
122 |
Micrologix Biotech Inc. |
$16,322 |
$11,145 |
46.5 |
$0 |
|
Pharmaceuticals/biotechnology |
| 93 |
95 |
Angiotech Pharmaceuticals, Inc. |
$16,311 |
$15,122 |
7.9 |
$7,330 |
222.5 |
Pharmaceuticals/biotechnology |
| 94 |
110 |
CryoCath Technologies Inc. |
$15,603 |
$12,899 |
21.0 |
$6,028 |
258.8 |
Medical devices/instrumentation |
| 95 |
125 |
AnorMED Inc. |
$15,332 |
$10,292 |
49.0 |
$5,224 |
293.5 |
Pharmaceuticals/biotechnology |
| 96 |
129 |
Neurochem Inc. |
$15,304 |
$9,926 |
54.2 |
$2,271 |
673.9 |
Pharmaceuticals/biotechnology |
| 97 |
160 |
ID Biomedical Corporation |
$15,215 |
$7,525 |
102.2 |
$10,885 |
139.8 |
Pharmaceuticals/biotechnology |
| 98 |
99 |
Suncor Energy Inc. |
$15,000 |
$15,000 |
0.0 |
$4,902,000 |
0.3 |
Primary energy |
| 99 |
169 |
Inflazyme Pharmaceuticals Ltd. |
$14,793 |
$6,981 |
111.9 |
$0 |
|
Pharmaceuticals/biotechnology |
| 100 |
120 |
Axcan Pharma Inc.* |
$13,906 |
$11,215 |
24.0 |
$209,138 |
6.6 |
Pharmaceuticals/biotechnology |
R&D Expenditures:
We have attempted, wherever possible, to provide gross R&D expenditures before deduction of investment tax credits or government grants.
FY2001 R&D expenditure figures may have been adjusted, as more accurate information became available.
Canadian-owned company results include worldwide R&D expenditures; foreign subsidiaries include R&D expenditures for Canadian operations.
Revenue:
We have attempted, wherever possible, to provide revenue figures net of interest and investment income.
|
* = converted to CDN$ at average 2002 = $1.5704, 2001 = 1.5484 (Bank of Canada)
** = $1 million or more of revenue
fs = foreign subsidiary
nd = not disclosed
e = RE$EARCH Infosource Inc. estimate
++ = Bell Canada has revised its reporting for FY2002,FY2001
number has been adjusted accordingly
|
RE$EARCH Infosource Inc. is Canada's leading firm providing business intelligence information and analysis for science, technology, research, development and innovation.
Data used for this table were extracted from our Canadian Corporate R&D Database, a proprietary database. Companies wishing to be included in future editions of the Top 100 List and Database, or who wish to adjust their figures should contact us directly. Additional copies of the Top 100 List are available online at www.researchinfosource.com or by calling or faxing us: Telephone (416) 481-7070 ext. 22; Fax (416) 481-7120.
© RE$EARCH Infosource Inc. 2003
Unauthorized reproduction prohibited - Do not copy
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