Research and Development (R&D) Funding

Research and Development (R&D) funding refers to the financial resources allocated to create new products, improve existing ones, or discover innovative solutions. This funding supports scientists, engineers, and researchers as they experiment, test, and develop advancements across various industries such as technology, medicine, and manufacturing. R&D funding can come from government grants, private companies, or venture capital, and is essential for fostering innovation, staying competitive, and driving economic growth. It invests in knowledge and skills necessary to solve complex problems and bring breakthrough ideas to market.