Research and Development sector makes an integral part of the industry. By managing state of the art R&D departments, companies ensure novelty of ideas into their product designs and their applications. These R&D departments, however, don’t prove to be sufficient enough all the times. Research departments of companies have limited access to academic newness and have numbered personnel. Due to this, the ideas in these departments easily run out. This pushes companies to strive in the search of outside partners who will ensure continuous availability of innovation.
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