Research and development

"R&D" redirects here. For the video game mod, see Research and Development (mod).
Cycle of research and development
Spending on research and development as share of GDP (2015)

Research and development (R&D or R+D)[1] is the set of innovative activities undertaken by corporations or governments in developing new services or products.[2][3][4] R&D constitutes the first stage of development of a potential new service or the production process.

Although R&D activities may differ across businesses, the primary goal of an R&D department is to develop new products and services.[2][4] R&D differs from the vast majority of corporate activities in that it is not intended to yield immediate profit, and generally carries greater risk and an uncertain return on investment.[2][5] R&D is crucial for acquiring larger shares of the market through new products.[4] R&D&I represents R&D with innovation.[6][7][8]

  1. ^ "Policy for research and technological development | Fact Sheets on the European Union | European Parliament". 31 March 2023.
  2. ^ a b c "Research and Development in the Pharmaceutical Industry". US Congressional Budget Office. April 2021. Retrieved 29 August 2024.
  3. ^ Wragg, David W. (1973). A Dictionary of Aviation (first ed.). Osprey. p. 223. ISBN 9780850451634.
  4. ^ a b c Staff, Investopedia (2003-11-25). "Research And Development – R&D". Investopedia. Retrieved 2017-12-12.
  5. ^ Yiu, L. M. Daphne; Lam, Hugo K. S.; Yeung, Andy C. L.; Cheng, T. C. E. (2020). "Enhancing the Financial Returns of R&D Investments through Operations Management". Production and Operations Management. 29 (7): 1658–1678. doi:10.1111/poms.13186. hdl:10397/89881. ISSN 1937-5956. S2CID 216529963.
  6. ^ EUROPEAN COMMISSION https://ec.europa.eu/competition/state_aid/cases/220403/220403_758165_5_1.pdf
  7. ^ Expenses for university R&D&I increase moderately in Spain https://www.eurekalert.org/pub_releases/2021-07/ucid-efu072221.php
  8. ^ Research, Development and Innovation (R&D&I), Fundação Para a Ciência e Tecnologia https://www.fct.pt/dsi/idi/index.phtml.en