Lizard Company Research And Development is the R&D department of Lizard Company, providing insight into cutting edge ideas for new products sold by the various subcompanies. LCRAD is funded solely by internal company capital, and receives no government funding of any kind. LCRAD is the successor to the previously established Lizard Company Research Board, which failed due to the structure of bureaucracy formed from its inception. The research dynamic of LCRAD is objective based, concerning itself with the results of its projects and ensuring that it is applicable to the real world instead of regular academic research which is mostly concerned with the process of research and theoretical implications.