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near-market research

noun

  1. scientific research that, while not linked to the development of a specific product, is likely to be commercially exploitable
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

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Many policy experts advocate boosting the budget of the Technology Strategy Board — an agency that supports near-market research and development — and of the seven ‘Catapult’ centres, loosely modelled on Germany’s Fraunhofer Institutes, which aim to stimulate links between businesses and universities.

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