The percentage of GDP invested in research and development varies widely across the world. South Korea is powering ahead at 3.7% of GDP. (In addition, its investment is increasing rapidly, up from 2.8% in 2005.) The UK is below average by most international measures, spending 1.7% of GDP on research. Spending is much lower in the less wealthy G20 member states, although time series data show that many are ramping up investment.
The private sector forms a large part of the research ecosystem: with the exception of Brazil, Russia, India, Argentina, and Indonesia, which make up 18.6% of the GDP, the private sector makes the biggest contribution to national research budgets.
Investments in R&D and in innovation technology by firms are pivotal contributions for progress: they do not just give basic information based resources for the world yet, in addition, reinforce the absorptive limits. Proof affirms the beneficial outcomes of these investments on Innovation and profitability execution. The evidence points to substantial differences in business investments in R&D across countries; other investments in innovation, including investments in intangibles, are equally important. Downturns have negative impacts on these investments. Investments in R&D and innovation considerably rely upon access to funds. As per the recent statistics of the world’s total Investment in Research and Development, according to different countries are considerably very low as comparison to the Required Investment by Researchers and innovators.
Globally, there were almost 1,083 researchers for every one million people in 2013. However, the share of researchers in middle-income countries, excluding China, fell from 17% to 15% between 1996 and 2016– a worrying downward trend with global implications for sustainable development.
Innovation is vital to accomplishing each of the Sustainable Development Goals. Therefore, it is fundamental to track R&D interest in the learning, innovation and suspecting that drives advancement in Countries.
Kakushin Ecosystem is one such Decentralised platform, where Inventors can bring their ideas and get required funding by using Ethereum Blockchain for their ideas.Get enough resource for research and development to create new innovative products and services for others to benefit from these resources. The products that have been developed in the Kakushin open source community will give innovators an opportunity to adopt E-commerce Platform for lease, Buy and sell those products in open Market. A platform for Investor’s to select and invest in a potential invention which falls under their Interest criteria. The products and service developed by open source can have global Marketplace.