Corporate R&D

Corporate R&D, or Research and Development, refers to the activities companies engage in to innovate and improve their products, services, or processes. This involves scientific research, product design, and testing new ideas to stay competitive in the market. Corporations invest in R&D to create new technologies, enhance existing offerings, and solve problems, ultimately seeking to boost efficiency and profitability. It plays a crucial role in driving economic growth and technological advancement, contributing to various industries, from pharmaceuticals to technology and beyond.