ISIC Code 72 - Scientific Research And Development
Inclusions
This division includes the activities of three types of research and development: 1) 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, 2) applied research: original investigation undertaken in order to acquire new knowledge, directed primarily towards a specific practical aim or objective and 3) 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.
Research and experimental development activities in this division are subdivided into two categories: natural sciences and engineering; social sciences and the humanities.
Exclusions
This division excludes market research (see ISIC Code - 7320).