On the Leading Edge… or Behind the Curve?
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“Businesses not only reduce the economic risk of their R&D activities by participating in standardization, but can also lower their own R&D costs.”
The economic risk of research and development is lowered when a company can influence the content of standards to its advantage. In addition, the expense of R&D can be reduced when participants in standards work make their results generally available, eliminating duplication of research efforts.
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