near-market research

British

noun

scientific research that, while not linked to the development of a specific product, is likely to be commercially exploitable

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Example Sentences

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Many policy experts advocate boosting the budget of the Technology Strategy Board — an agency that supports near-market research and development — and of the seven ‘Catapult’ centres, loosely modelled on Germany’s Fraunhofer Institutes, which aim to stimulate links between businesses and universities.

From Nature

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023