US companies are innovators

Within the EU, Belgium has a strong reputation for research & development (R&D) and innovation, primarily due to the high quality of its education and research facilities, the availability of skilled workers and numerous fiscal incentives for R&D. As a result, many companies continue to choose Belgium for their research activities.

Innovation underpins competitiveness, economic growth and high value-added jobs. Belgium ranks 16th in the Innovation Ecosystem pillar of the World Economic Forum’s 2019 Global Competitiveness Report, thanks to its business dynamism and innovation capability.

US companies contribute significantly to the success of Belgium’s innovation-driven economy. They are deeply engaged in the local ecosystem – as measured by investment, employment and collaboration. US companies invest more than $1 billion in R&D per year in Belgium.

 

 

The US accounts for approximately 14% of all private sector R&D investment in Belgium. This is down from its peak in the period 2009-2013, when US companies accounted for nearly one-third of private sector investment in R&D. The decline in proportional terms is partly due to the significant increase of total private sector R&D investment in Belgium as well as the currency exchange rate fluctuations over this time.

 

 

Invented in Belgium

Products invented by US companies in Belgium

Products invented by US companies in Belgium
Products invented by US companies in Belgium
Products invented by US companies in Belgium
Products invented by US companies in Belgium
Products invented by US companies in Belgium
Products invented by US companies in Belgium
Products invented by US companies in Belgium
Products invented by US companies in Belgium
Products invented by US companies in Belgium