Innovation is the key to economic growth, and research and development (R&D) is key to innovation. While industry recognizes that R&D is vital to longterm success, it focuses, of course, on marketable results from research — after all, R&D is expensive, and cost without any foreseeable return is not good business. From my R&D background in the chemical process industries (CPI), I’m familiar with the struggle around keeping R&D efforts — particularly longterm programs — aligned with the scalable and profitable results sought by industry, while allowing the bright, scientific minds attracted to R&D the freedom that they need to explore and discover.
Various strategies have been developed and implemented to help bridge the gap,......
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