Australian Bureau of Statistics
1301.0 - Year Book Australia, 2005
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 21/01/2005
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Research and experimental development (R&D) activity, in the business context, is defined as systematic investigation or experimentation involving innovation or technical risk, the outcome of which is new knowledge, with or without a specific practical application or new or improved products, processes, materials, devices or services. R&D activity also extends to modifications to existing products and processes.
In 2002-03 the mining industry funded most of its R&D expenditure with $526m (98%) sourced from money owned by the mining business (own funds). Most of the remaining expenditure was funded by the Australian Government.
This page last updated 20 April 2007
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