Top Corporate R&D Spenders by Tier FY2021
|
R&D Spending
Rank |
Tier 1 |
$000 |
1 |
Shopify Inc. |
$1,070,969 |
2 |
Constellation Software Inc. |
$965,195 |
3 |
TELUS Corporation |
$799,000 |
|
Rank |
Tier 2 |
$000 |
1 |
GlaxoSmithKline Inc. (fs) |
$94,137 |
2 |
Sierra Wireless, Inc. |
$89,741 |
3 |
Imperial Oil Limited |
$89,000 |
|
Rank |
Tier 3 |
$000 |
1 |
Absolute Software Corporation |
$29,161 |
2 |
IMV Inc. |
$28,931 |
3 |
Héroux-Devtek Inc. |
$28,534 |
R&D Spending Growth
(% Change FY2020-FY2021)
Rank |
Tier 1 |
% |
1 |
Repare Therapeutics Inc. |
107.8 |
2 |
Shopify Inc |
44.6 |
3 |
TELUS Corporation |
44.5 |
|
Rank |
Tier 2 |
% |
1 |
MDA Ltd. |
791.9 |
2 |
Titan Medical Inc. |
346.9 |
3 |
BELLUS Health Inc. |
132.5 |
|
Rank |
Tier 3 |
% |
1 |
Eupraxia Pharmaceuticals Inc. |
501.9 |
2 |
Acceleware Corp. |
413.0 |
3 |
Edesa Biotech, Inc. |
403.7 |
R&D Intensity*
(R&D Spending as % of Revenue)
Rank |
Tier 1 |
% |
1 |
Repare Therapeutics Inc.* |
1,199.3 |
2 |
Zymeworks Inc. |
748.7 |
3 |
BlackBerry Limited |
30.5 |
|
Rank |
Tier 2 |
% |
1 |
Titan Medical Inc. |
188.9 |
2 |
Aurinia Pharmaceuticals Inc. |
112.1 |
3 |
Ballard Power Systems Inc. |
59.5 |
|
Rank |
Tier 3 |
% |
1 |
Antibe Therapeutics Inc. |
148.6 |
2 |
Thinkific Labs Inc. |
51.0 |
3 |
mdf commerce inc. |
33.5 |
Notes:
1. R&D Spending Tiers: Tier 1 = $100 million or more of R&D spending, Tier 2 = $30 million-$99.9 million, Tier 3 = less than $30 million.
*Based on companies with $2 million or more of revenue
fs = Foreign subsidiary (included revenue and R&D spending for Canadian operations only)