When we think of R&D activity it could well be that scientific or engineering firms come to mind. This sector includes pharmaceutical and biotech activity, alongside many other businesses that have R&D at their core.
Increasingly construction businesses are innovating in their use of green or sustainable methods. R&D often leads to an improvement in existing construction techniques to solve site specific or environmental issues.
In this sector innovation can come from process improvements, production improvement and scalability and quality control. Many agricultural businesses are building new processes to reduce waste or reuse waste products in novel ways.
Innovative businesses in this sector include financial service activities such as insurance, reinsurance and pension funding activities, and business activities to support financial services.