PCP is a public procurement of Research and Development (R&D) services involving risk-benefit sharing under market conditions and competitive development in phases, where there is a clear separation between the procurement of the R&D from the deployment of commercial volumes of end-products.
In general, there are 3 phases in a PCP project. Phase 1 comprises solution exploration, Phase 2 comprises prototyping, and Phase 3 comprises original development and testing of a limited volume of first products or services in the form of a test series.
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