![]() R&D&I or R&D&i are also acronyms with the same general meaning of R&D and stand for research, development and innovation. However R&D is crucial for acquiring larger shares of the market through the marketisation of new products. 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. R&D activities differ from institution to institution, with two primary models of an R&D department either staffed by engineers and tasked with directly developing new products, or staffed with industrial scientists and tasked with applied research in scientific or technological fields, which may facilitate future product development. Spending on research and development as share of GDP (2015)
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