Research and Development (R&D)

Research and Development (R&D) usually is the first stage of the development process of a new product or service. R&D refers to the efforts a company undertakes to find out the way to develop or improve the service of product to bring it to the market and to benefit.

There are several R&D Models, one of them is usual for startups, incubators and accelerators, they invest in new ideas and provide funding to startup entrepreneurs with a view to positive result and benefit.