Value of research

July 26, 2016 5:10 - 6:25 pm


Research and innovation lie at the heart of most developed countries’ economic strategies and make a critical contribution to the development of their society and cultures. They are a key source of new jobs, growth and competitiveness and address societal challenges. Nonetheless there appears to be a constant challenge to the value of research in the competition for public investment. In this session a panel of senior policy advisers will discuss what is the value of research, particularly of a more fundamental/investigator driven nature. Questions for discussion will include: What are the key pathways by which value is generated? What is the evidence for an economic return on investment? What is the non-monetary value of research? What evidence is needed to convince sceptical politicians and the public that research is a good investment?

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