Analysis

May 4, 2021

This is what Covid-19 did to innovation budgets

A third of companies cut spending — but the ones making the cuts aren’t the companies you’d expect


Maija Palmer

4 min read

More than a third of corporations cut their innovation budgets due to the Covid-19 pandemic, and around a third of companies stopped or decreased their collaboration with startups.

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Chart showing the effect of the pandemic on overall innovation budgets
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Chart showing the effect of the pandemic on internal innovation
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Chart showing the effect of the pandemic on external ventures
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Chart showing the effect of the pandemic on startup collaboration
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