The Dutch high-tech sector plays a key role in the development of a digital, sustainable, healthy, and secure society. With leading companies such as ASML and Philips at the forefront, the sector remains by far the largest private investor in research and development (R&D) in the Netherlands. According to the latest R&D Top 30, compiled by Technisch Weekblad in collaboration with VNO-NCW and TNO, ASML's R&D expenditures increased by over 25 percent last year, reaching an impressive total of €2.8 billion.
The list demonstrates that Dutch innovation extends beyond traditional sectors. A notable newcomer is Booking.com, which, by securing third place, highlights the growing importance of digital technology platforms in the Dutch R&D landscape. This underscores the dynamism in the sector, where new players are gaining ground alongside established names like Philips, KPN, and Janssen, which round out the top five.
The R&D Top 30, making a return after several years, provides insights into the companies driving innovation in the Netherlands. A striking observation is the concentration of R&D-intensive companies in Noord-Brabant, particularly in the Eindhoven region, where half of the newcomers to the top 10 are based.
The high-tech sector is not just an economic powerhouse but also a key player in addressing societal challenges. From advanced technologies supporting a sustainable energy transition to innovations in health and safety, the sector plays a vital role. Ingrid Thijssen, Chair of VNO-NCW, emphasizes: “R&D investments form the backbone of our future earning capacity. Collaboration with SMEs, start-ups, and knowledge institutions not only strengthens the sector but also benefits society as a whole.”
Despite the sector's growth, the Netherlands lags behind other countries in total R&D spending as a percentage of GDP. With 1.44% in 2023, private R&D expenditures remain significantly lower than countries like South Korea (4.14%) and the U.S. (2.83%). Moreover, the combined public and private R&D spending of 2.08% is below the EU average of 2.25% and far from the Lisbon target of 3%.
To bridge this gap, it is crucial to broaden the foundation of R&D investments, according to Tjark Tjin-A-Tsoi, CEO of TNO. “The share of the top 10 in total R&D spending has risen from 25% to 35% since 2016. While these companies are incredibly valuable, we must ensure that more start-ups grow into the ASMLs and Bookings of the future.”
The Netherlands must strengthen its existing R&D-intensive industries while creating opportunities for new innovative companies. Achieving the 3% target will require an additional annual investment of nearly €10 billion. This calls for a collaborative effort from the government, businesses, and knowledge institutions.
The Dutch high-tech sector has the potential to remain a global leader, not just within Europe but on a worldwide scale. By focusing on collaboration and targeted investments, the Netherlands can solidify its position as an innovation hub and contribute to a sustainable, secure, and digital future.