From MC Research and Innovation Center, Inc.'s website:
(MC-RIC), located in Goleta, California, is a high-tech research and development company that serves as the locus for Mitsubishi Chemical Corporation's (MCC) collaborative research projects with prestigious U.S. universities and scientists.
Currently, MC-RIC is participating in a major research consortium involving world renowned researchers at the University of California, Santa Barbara (UCSB) to develop new functional organic opto-electronic materials and nano-composites.
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Research and development services perform original investigation to gain new knowledge (research) and/or apply research findings to create or improve products and processes (development).