Research and development (R&D) is a key activity for growing and improving your business.
Successful R&D relies on extensive market research and detailed assessment of your customer needs and behaviours, before developing new and improved products and services to fit those needs.
R&D is crucial to growth, both when starting up and as means of keeping your existing business profitable. But the development process can sometimes be risky and it needs considerable planning and organisation.
This guide will help you assess if your idea can form the foundation for a successful business. It will outline your funding options, ways to protect your products and ideas, and advise you on new product development process, project management and market testing.
Some businesses in Northern Ireland may be able to get help with their R&D projects. Use our tool to get R&D ready or watch the animation below to see how Invest Northern Ireland can help.