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Posted by se on August 30, 2024 at 2:22am 0 Comments 0 Likes
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Driver: Increasing research activities and funding
The R&D sector has conventionally remained capital-intensive due to long development periods and approval cycles. R&D investment occupies a prime position in global expenditure. Governments recognize R&D as a crucial investment for a nation’s progress, international competitiveness, and public benefit. Due to this, R&D expenditure and funding witnessed a steady increase over the years. According to the R&D Magazine…
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