Research, Development & Innovation (RD&I)
The main driving force behind the economic and market growth of any business is its research and development plan. It keeps the company competitive in the market by adding new features to its existing product or by creating new products for its business. However, it is not as straight forward as it sounds because of the large financial bridge between idea generation and the product’s commercialisation. This is one of the reasons most SMEs are not able to write their own R&D plan and infrastructure required to implement their plan. Another possible reason is the lack of thought regarding tactics for market ready products in the plan. For example, just 5% of active US patents result in a product and this is because of the exclusion of the market ready product.
Our Research, Development and Innovation plans support both the improvement of existing technology and/or introducing a novel technological solution for your business. The plan exclusively includes product development strategy which leads to the commercialisation of the product. This enables our clients to fulfil their business needs and results in substantial increases in their sales and employment.