Research and development (R&D) is when businesses gather knowledge to create new products or discover new ways to improve their existing products and services. Larger companies may have their own research and development team that will test and refine products or processes before commercial use. However, many companies outsource this work to universities due to a lack of in-house capacity and to access the expertise and advanced research equipment they possess.
Some companies invest far more in R&D than others due to the competitiveness and demands of their industry. For example, a consumer technology company is always trying to release devices that are more appealing than its competitors so will invest heavily on product design research to make their devices more innovative.
Businesses of all sizes need to invest in research and development if they want to achieve future growth, stay abreast of developments in their industry and reduce production costs. Fortunately, Nile University of Science and Technology NUST is a world leading research institution dedicated to delivering solutions to a broad range of organizations of all sizes. We have academics from a wide range of disciplines that are bringing significant benefits to our business partners.
Benefits of research and development at Nile University of Science and Technology NUST:
- Inexpensive way to explore new ideas and find a gap in the market
- We can help you secure funding from the Government and the EU to develop your business whether your organization is large or small
- We have world class equipment, expertise and facilities to conduct research projects and are continually investing money in the latest technology
- Working with NUST can improve brand reputation and profile and potentially attract future investment
- Bringing innovative products to the market could give your business a competitive advantage.
Which research and development method is right for you?
There are a number of services we offer, however, it is important to have an objective when selecting a specific type of research and development so you can achieve your business goals in the most efficient way possible.
Cost
Your project could be short or long, large or small in scope and scale so it is hard to calculate a cost of a project until we have analyzed different factors such as your specific needs, project duration and level of expertise needed. Once we get in contact with you to discuss your goals and put all these factors into consideration we can then let you know the cost before work commences. However, we may also be able to help you get access to funding to cover the costs of some of these services.
Email: research@nust.edu.so