Do you know the five core criteria that define R&D activities?

Research and experimental development (R&D) comprise creative

and systematic work undertaken in order to increase the stock of knowledge –

including knowledge of humankind, culture and society – and to devise new

applications of available knowledge.

The term R&D covers three types of activity: basic research, applied

research and experimental development. Basic research is experimental

or theoretical work undertaken primarily to acquire new knowledge of the

underlying foundations of phenomena and observable facts, without any

particular application or use in view. Applied research is original investigation

undertaken in order to acquire new knowledge. It is, however, directed primarily

towards a specific, practical aim or objective. Experimental development is

systematic work, drawing on knowledge gained from research and practical

experience and producing additional knowledge, which is directed to producing

new products or processes or to improving existing products or processes.

So what are the five core criteria that define R&D? To be continued...