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Analysis

Impact Assessment of EUREKA Network Projects and Cluster Projects

This major study, carried out by a consortium led by Prognos AG and its research partners, Joanneum Research and Professor Cincera (Université Libre de Bruxelles), focused on impact of EUREKA grant-based support to companies in the period 2001-2015.

  • Posted on: 08.04.2018
  • Year of publication: 2017

Website: Link

Member countries mobilized an estimated € 11.2billion in project costs for Network and Cluster projects in this period. The methodology involved analyzing the performance of 3 096 participating companies, compared to a control group of 54 814, and employed counterfactual econometric  methods (using a difference-indifferences design) alongside surveys and interviews.

Key results:

  1. Annual turnover of participating firms 15% higher for Network projects and 13% higher for Cluster projects one year after project end
  2. Annual employment growth is 4% higher for Network Projects and 7% higher for Cluster projects one year after project end
  3. Participating firms recognized or expected a strengthened economic position through the EUREKA project, in particular by entering new markets, improved market share or increased exports
  4. The high degree of flexibility of EUREKA, building upon a strong bottom-up approach, is a an essential asset for many participating firms
  5. Aside from the rapid exploitation of research results, improved behaviour in managing and performing international R&D collaboration leads to a variety of benefits to participating organisations; intangible changes pertain in particular to improved strategy and competitiveness.
  6. Shorter projects involving smaller consortia were more successful in bringing their products and services to market in a short period of time

 

Eureka Impact Study from EUREKA Secretariat

The study also recommended a number of avenues for further exploration and development by the EUREKA Network:

  • Synchronise and accelerate funding decisions
  • Harmonise funding opportunities and funding rules
  • Explore and test “Speed-boats” in Clusters – smaller projects with shorter duration which can be more effective for fast-developing markets
  • Use progress checks to validate market perspective and strengthen commercialisation efforts
  • Explore complementary opportunities for financing of EUREKA SMEs e.g. ESIF, S2E

Click here for original source and for downloading the report

Source: Eurekanetwork | Document type: Report / Research/ Studies | S&T field/scope: General | Affilation and Pillar: Research and innovation community