http://profpr.livejournal.com/ ([identity profile] profpr.livejournal.com) wrote in [personal profile] profpr 2013-03-25 04:00 pm (UTC)

Research has a goal of producing new knowledge.
Development is application of existing knowledge to develop say new products, which can be commercialized.
Applied research is somewhere in-between: it could be new products, but no commercialization.
This is how I understand the difference.

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