2012-2013 Expenditure stats
About this sector
There are many other areas in which R&D can be conducted that fall into different industries not listed. R&D is intended to discover new specific knowledge or significantly improve goods and services. Understanding the definition of R&D is important to determine eligibility. For consideration the R&D must be based on principals of established science where the outcome of the R&D cannot be know in advance. Documentation is required to show how the R&D was conducted, why it was conducted and the results at the time of testing.
Examples of what could be claimed
- Labortatory research aimed to discover new knowledge
- Design, construction and testing of prototypes and models
- Development of new technologies
- Conceptual formulation and design of process alternatives