Innovation expenditures
Innovation expenditures refer to expenses for ongoing, completed, and abandoned innovation activities. They consist of current expenditures (personnel and material expenses, including externally acquired services) and expenditures for investments in tangible and intangible assets. Innovation expenditures encompass all internal and external expenses for research and development (R&D). Other innovation expenditures include, among others, the acquisition of machinery, equipment, software, and external knowledge (e.g., patents, licenses), expenses for construction, design, product design, conception, training, market research, market introduction, as well as preparatory work for the development, production, or distribution of innovations.
