What is Research and Development (R&D)?
Research and Development is a creative activity aimed at extending the stock of knowledge and using this knowledge to create innovations¹. It requires an interdisciplinary approach, combining knowledge from different fields of science and technology. The diversity of R&D projects is enormous, ranging from basic research to experimental prototyping to the development of advanced technologies and application solutions (Frascati Manual, 2015).
The definition and scope of Research and Development (R&D) activities encompass a broad spectrum of activities that share a common goal: to extend the frontiers of knowledge and use this knowledge to create new, innovative solutions.
For an activity to be considered R&D, it must meet five basic criteria, it must be: novel, creative, unpredictable, methodical, transferable, or replicable. For more details on the definition, see our other article.