ISIC, Rev. 3.1 - Code 73
Hierarchy
Section:
Division:
73 - Research and development
Breakdown
Group:
Explanatory note
This division includes three types of research and development (R&D):
- basic research:
* experimental or theoretical work undertaken primarily to acquire new knowledge of the underlying foundations of phenomena and observable facts, without particular application or use in view
- applied research:
* original investigation undertaken in order to acquire new knowledge, directed primarily towards a specific practical aim or objective
- experimental development:
* systematic work, drawing on existing knowledge gained from research and/or practical experience, directed to producing new materials, products and devices, to installing new processes, systems and services, and to improving substantially those already produced or installed
This division excludes:
- governmental administration of R&D and of associated funds in the various natural or social sciences, see division 75
- administration and support of defence-related applied research and experimental development, see 7522
- education combined with R&D, see division 80
- raising and management of R&D funds for medical or other socially related R&D by charities, see 8532