Industrial goods research is in pursuit of new products, discoveries and services that are better than yesterday’s. This methodical, consistent process is also creative, original and investigative. This process helps companies grow and progress in their industry.

Industrial research laboratories use science, math and engineering techniques in a systematic manner to find better ways of doing business, better devices and products. Most companies only spend about 5% of their revenue on research and development. Electronic, semiconductor, pharmaceutical and software companies usually spend more. Consider the following when thinking about industrial sector R&D for your business:

1. Discover basic industrial technology research institutions that move society forward.

2. Pursue applied industrial R&D to bring new products to consumers.

3. Find resources, directories and industry-research software.

Action Steps
The best contacts and resources to help you get it done

Use basic research to move society forward in industrial sector research and development

Basics research is the kind of research often pursued by government, education and larger businesses. This research will help many people in many ways over the long term.

I recommend: The University of Kentucky has a history of working with fossil fuels, but understands the changing times and strives to find innovative ways to improve on energy use today. The university does basic research in biofuels, environmental catalysis, carbon materials, clean fuels, environmental and coal technologies, power generation and utility fuels. Energy and power is necessary for every industry. Government-owned and contractor operated, Ames Lab does basic research in a number of key industrial areas.

Pursue applied industrial goods development research to improve the bottom line

Applied research is the kind of research that companies do to improve the bottom line. By doing so, companies grow and progress as they discover and implement improved products.

I recommend: Amistad helps startup businesses get set up and running, assisting with warehouse housing and business consultation. Look at their impressive portfolio of companies that they have helped get established in industry and manufacturing. Borealis Exploration Limited helps move industrial businesses forward with upgrades in technology in refrigeration, steel making, electric motors and other areas.

Get directories, resources and software for industrial research & development

Research and development is a process that involves training, investigation and creative discovery. Resources and educational centers offer a wealth of information, tools and services for people interested in manufacturing R&D.

I recommend: IndustryNet offers resources and directories to help you find industry key players that you need to do your business. Siemens designs software for industry development. The software helps businesses see risks and opportunities, and help with in the overall streamlining of a manufactured goods' lifecycle.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Governmental, educational and big business high-tech institutions will have funds for basic research. Smaller companies generally do applied research, but the budget is more limited. If you are a smaller company, be sure to talk to a research and development in industrial sector business consultant about how much money your company should apply to R&D to stay current and competitive. High-tech companies do spend more money on R&D than other industries.