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Innovation research cycle

Jamil AlKhatib, profile picture
Jamil AlKhatib

Research and development transforms money into knowledge through experimentation and testing, while innovation transforms that knowledge into money through new products and services. A diagram shows the cycle between innovation, knowledge, and money, with research and development connecting innovation and knowledge, and innovation connecting knowledge and money.

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Innovation-Research Cycle “Research and Development is Innovation the transformation of money into knowledge. Innovation is the transformation of knowledge into money.” Dr. Nicholson, Retired 3M Vice President Knowledge Money R&D Copyrights © 2012Jamil Alkhatib 1

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Innovation research cycle

  • 1. Innovation-Research Cycle “Research and Development is Innovation the transformation of money into knowledge. Innovation is the transformation of knowledge into money.” Dr. Nicholson, Retired 3M Vice President Knowledge Money R&D Copyrights © 2012Jamil Alkhatib 1