Ericsson Canada recognized for its commitment to innovation in Canada’s Top 100 Corporate R&D Spenders annual ranking
Research Infosource recently released its annual report on corporate research and development spending in Canada, recognizing companies’ substantial gain in spending
Ericsson Canada today was recognized by Research Infosource Inc., Canada’s source for research and development (R&D) intelligence, in Canada’s Top 100 Corporate R&D Spenders annual ranking for fiscal 2020.
“Ericsson Canada is a stalwart on the Canadian R&D scene. Year in and year out, the company is among the country’s corporate R&D leaders. Research Infosource salutes Ericsson’s contributions,” said Ron Freedman, CEO of Research Infosource Inc.
“Ericsson has been a driving force in Canada’s R&D scene for 69 years and our collaborative relationships with Canadian academia and industry experts allow us to consistently look for new ways to deliver value to our customers,” said Graham Osborne, President of Ericsson Canada. “As the largest 5G network equipment provider to Canada’s carriers, it’s our mandate to support service providers with their rollouts as 5G becomes a reality for all Canadian consumers and enterprises.”
The annual ranking for R&D spending in fiscal 2020 saw Ericsson at 13th, up two places from last year. In celebration its 20th anniversary, Research Infosource also highlighted two decades of corporate R&D in Canada, with Ericsson ranked seventh over the period.
Ericsson has been committed to Canada and ensuring digital inclusion for all Canadians since 1953. The company has invested more than $6.8 billion in R&D in Canada and continues to employ more than 2,800 people across the country, contributing more than 2,000 patents to the company’s 57,000 global patent portfolio. One of Forbes’ Top Canadian Employers since 2017, Ericsson Canada also works with more than twenty of the country’s top universities and colleges and helps lead a transformational Canada-Québec-Ontario partnership, called ENCQOR, to develop and test 5G solutions for consumers and enterprises.
Companies on Canada’s Top 100 Corporate R&D Spenders 2021 posted a combined R&D spending of $13.23 billion in fiscal 2020. To read the full announcement, click here for the media release and to view the rankings.