There are fundamental differences. You may be wondering why anyone would care about the differences between a research project and a development project. Let's start with the selection of the Research Organisation. Some Research Organisations are better at research. Others are better at development.
Academic institutions are particularly good at research.
Private sector firms are better at development. Crown Research Institutes fit somewhere in between. There are many criteria that a Client should consider when selecting a Research Organisation. I shall be discussing them in this Guide. One such criterion is whether the project under consideration involves more research than development or visa versa.