Exchange funds for R&D are funding flows from one statistical unit to another statistical unit in return for the performance of R&D and the delivery of relevant R&D outcomes. The unit funding the work incurs a delivery risk associated with the uncertainty of the project. Examples of exchange funds activities include R&D purchases (sales from the perspective of the performer), R&D outsourcing and contributions in the context of collaborative R&D agreements.
OECD (2015), Frascati Manual 2015: Guidelines for Collecting and Reporting Data on Research and Experimental Development.
To break down R&D expenditure by type of funds.