Research and development (R&D) refers to the process of creating new knowledge, products and technologies or the improvement of existing products and technologies. Research and development are key components of innovation in many different industries such as pharmacy, technology, engineering and chemistry.

Key aspects of research and development (R&D; German translation: Forschung und Entwicklung):

• Basic research (translation into German: Grundlagenforschung): The aim is to gain new knowledge without a specific goal of practical application. This phase includes theoretical studies and experiments to understand basic principles and mechanisms.
• Applied research: Applied research is carried out with the aim of developing new products or methods. At this stage, the knowledge gained from basic research is used to solve practical problems.
• Development: Includes the planning, prototyping, testing and refinement of new or improved products, methods or technologies in preparation for commercial production or use.

Research and development play an important role in industry:

• Innovation and progress: R&D promotes the development of new technologies, products and services that can improve the general quality of life, production efficiency and sustainability of a development.
• Competitive advantage: Companies that actively invest in research and development often gain a competitive advantage through innovation and the uniqueness of their products or services.
• Economic growth: Investment in research and development can contribute to economic growth, create new jobs and open up new markets.
• Solving global problems: R&D plays a key role in finding solutions to many global problems such as climate change, disease, food security (German: Ernährungssicherheit) and energy.

Research and development require considerable resources, including funding, highly skilled professionals and modern equipment, but their contribution to technological progress and social prosperity make them an integral part of the modern economy.

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