03 / August / 2021 : 10-54
Accelerating Innovation: The Power of Research and Development Collaborations
Research and development collaborations involve businesses working together to develop new technologies, products, or services. This type of collaboration can be particularly beneficial for businesses operating in industries with high levels of innovation, such as technology and biotech. By pooling their resources and expertise, businesses can share the risks and costs of research and development, as well as accelerate the pace of innovation. For example, two pharmaceutical companies may collaborate to develop a new drug that neither company could have developed alone. Research and development collaborations can be a powerful tool for businesses looking to stay competitive and lead the way in their industry.
Published on 03 / August / 2021 : 10-54
Published by
Liana Aloyan
Journalist, columnist. Liana studies at the Faculty of Russian Philology of Khachatur Abovyan State University. She has been working at Yelaket (Yelaket.am) news agency since 2019 as a journalist and columnist. Writes articles about business and marketing. Liana is a member of "Media association" since 2020.
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