Investment in research and development (R&D) is an important driver for innovation. Innovation in turn is a strong driver for increased productivity and improved competitiveness. Firms that innovate have been shown to be more likely to increase their profitability, more likely to export, more likely to increase employment and more likely to offer training to their employees. Private sector investment in R&D is clearly important, but government investment is also very important.
Governments have become strategic investors in research infrastructure and have major programs to invest in science, technology and innovation capability. In addition, they are committed to increase the ‘innovation dividend’ from public investment in research, prompting an increased interest in programs that seek to generate economic and social benefits.
Companies investing in research and innovation do so to gain a competitive advantage. However, creating and maintaining an investment structure that encourages private firms to invest in R&D and innovation in an operating environment where ideas are easily transferable remains a significant policy challenge.
How Demo Consult & Supplies Ltd can help you
Demo Consult & Supplies Ltd provides research and advice services related to innovation, including:
- Evaluation of research and innovation programs
- Data collection and data analysis
- Project Planning, Monitoring and evaluation
- Capacity building and development
- Economic, social and environmental impact analysis
- Feasibility studies and bench-marking.