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The High Cost of Automotive Research & Development Time Wasted

The Cost of AUTOMOTIVE R&D Time Wasted In total, the automotive industry wastes $9.7 BILLION PER YEAR of its R&D dollars working on previously patented solutions. - IRN Services Applied elsewhere, that $9.7 billion in waste could annually: Fill 194 F MILLION Tanks of Gas Buy 6.467 MILLION Sets of new SUV tires Employ 97 THOUSAND New R&D workers Purchase 48.5 THOUSAND New Bentley® Sports Cars Fund 485 NASCAR® Race Teams Develop 3 New Car Models OR: OR: If stacked vertically, 9.7 billion dollar bills would bring you to the lower mantle section of the earth's core, if laid out horizontally from end to end, 9.7 billion dollar bills would take you to the moon and back, nearly 658 miles deep. TWICE. mantle crust outer core inner core Stop re-inventing the wheel and better leverage internal and external knowledge. Find out how at www.InventionMachine.com/Autolnno InventionMachine The Cost of AUTOMOTIVE R&D Time Wasted In total, the automotive industry wastes $9.7 BILLION PER YEAR of its R&D dollars working on previously patented solutions. - IRN Services Applied elsewhere, that $9.7 billion in waste could annually: Fill 194 F MILLION Tanks of Gas Buy 6.467 MILLION Sets of new SUV tires Employ 97 THOUSAND New R&D workers Purchase 48.5 THOUSAND New Bentley® Sports Cars Fund 485 NASCAR® Race Teams Develop 3 New Car Models OR: OR: If stacked vertically, 9.7 billion dollar bills would bring you to the lower mantle section of the earth's core, if laid out horizontally from end to end, 9.7 billion dollar bills would take you to the moon and back, nearly 658 miles deep. TWICE. mantle crust outer core inner core Stop re-inventing the wheel and better leverage internal and external knowledge. Find out how at www.InventionMachine.com/Autolnno InventionMachine The Cost of AUTOMOTIVE R&D Time Wasted In total, the automotive industry wastes $9.7 BILLION PER YEAR of its R&D dollars working on previously patented solutions. - IRN Services Applied elsewhere, that $9.7 billion in waste could annually: Fill 194 F MILLION Tanks of Gas Buy 6.467 MILLION Sets of new SUV tires Employ 97 THOUSAND New R&D workers Purchase 48.5 THOUSAND New Bentley® Sports Cars Fund 485 NASCAR® Race Teams Develop 3 New Car Models OR: OR: If stacked vertically, 9.7 billion dollar bills would bring you to the lower mantle section of the earth's core, if laid out horizontally from end to end, 9.7 billion dollar bills would take you to the moon and back, nearly 658 miles deep. TWICE. mantle crust outer core inner core Stop re-inventing the wheel and better leverage internal and external knowledge. Find out how at www.InventionMachine.com/Autolnno InventionMachine The Cost of AUTOMOTIVE R&D Time Wasted In total, the automotive industry wastes $9.7 BILLION PER YEAR of its R&D dollars working on previously patented solutions. - IRN Services Applied elsewhere, that $9.7 billion in waste could annually: Fill 194 F MILLION Tanks of Gas Buy 6.467 MILLION Sets of new SUV tires Employ 97 THOUSAND New R&D workers Purchase 48.5 THOUSAND New Bentley® Sports Cars Fund 485 NASCAR® Race Teams Develop 3 New Car Models OR: OR: If stacked vertically, 9.7 billion dollar bills would bring you to the lower mantle section of the earth's core, if laid out horizontally from end to end, 9.7 billion dollar bills would take you to the moon and back, nearly 658 miles deep. TWICE. mantle crust outer core inner core Stop re-inventing the wheel and better leverage internal and external knowledge. Find out how at www.InventionMachine.com/Autolnno InventionMachine The Cost of AUTOMOTIVE R&D Time Wasted In total, the automotive industry wastes $9.7 BILLION PER YEAR of its R&D dollars working on previously patented solutions. - IRN Services Applied elsewhere, that $9.7 billion in waste could annually: Fill 194 F MILLION Tanks of Gas Buy 6.467 MILLION Sets of new SUV tires Employ 97 THOUSAND New R&D workers Purchase 48.5 THOUSAND New Bentley® Sports Cars Fund 485 NASCAR® Race Teams Develop 3 New Car Models OR: OR: If stacked vertically, 9.7 billion dollar bills would bring you to the lower mantle section of the earth's core, if laid out horizontally from end to end, 9.7 billion dollar bills would take you to the moon and back, nearly 658 miles deep. TWICE. mantle crust outer core inner core Stop re-inventing the wheel and better leverage internal and external knowledge. Find out how at www.InventionMachine.com/Autolnno InventionMachine

The High Cost of Automotive Research & Development Time Wasted

shared by allisonnlewis on Jun 15
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Studies have shown that over 70% of companies admit to investing in research that led to (or was leading to) a previously patented solution. The estimated cost of this duplication of effort comes in a...

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