It is testament to the commerciality, innovation and tenacity of Welsh business, aided by a high quality professional and advisory community in Wales, that throughout the period 2007 to 2014, Wales consistently punched above its weight in the MBO arena.
Science is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe. In an older and closely related meaning, science also refers to this body of knowledge itself, of the type that can be rationally explained and reliably applied. Ever since classical antiquity, science as a type of knowledge has been closely linked to philosophy.
Science can answer empirical questions about the natural world. We do this by formulating testable hypotheses and performing experiments and/or making observations. Based on the results of the experiments and observations, we form theories which explain and make predictions about a given phenomenon. Anything that can be tested (even in principal) and explains something about the natural world lies within the realm of science.