near-market research

noun

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

Example Sentences

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.

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