glossarytech.com

R&D

Short for Research and Development. A business or government activity that with the right approach and incentive can lead to invention and innovation. R&D also works on improving existing products and projects. There are internal (in-house) and external R&D facilities.

First released1790s
Developed byrevolutionary government in France
Used byMcLaren Production Centre, GSK Human Performance Lab, GSK Shopper Science Lab

Interesting facts

R&D is over 2% of the global GDP

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