research and development (R&D) coalitions

Research and development (R&D) coalitions are collaborative partnerships between different organizations—such as businesses, universities, and government agencies—working together to innovate and create new technologies or products. By pooling resources, expertise, and knowledge, these coalitions aim to tackle complex challenges that may be too difficult or costly for one entity to handle alone. This collaborative approach fosters creativity and accelerates the development of new solutions, benefiting not just the participating organizations, but also society as a whole through advancements in various fields like healthcare, technology, and environmental sustainability.