Definition
Research and Development (R&D) comprises systematic activities undertaken to acquire new knowledge and develop new or significantly improved products, services, processes or technologies.
Human Explanation
R&D creates new solutions or develops existing ones.
Why it Matters
R&D underpins many Innovation projects and public funding programmes.
Conceptual Boundary
Not every technical or design activity is R&D. It should involve novelty, uncertainty and a systematic approach.
Practical Perspective
R&D may produce new technologies, prototypes, methods, products, processes or organisational solutions.