{"id":1281,"date":"2016-07-29T14:56:43","date_gmt":"2016-07-29T14:56:43","guid":{"rendered":"https:\/\/www.editage.com\/insights\/european-unions-leading-basic-research-funding-agency-assesses-its-impact\/"},"modified":"2025-04-06T18:40:39","modified_gmt":"2025-04-06T18:40:39","slug":"european-unions-leading-basic-research-funding-agency-assesses-its-impact","status":"publish","type":"post","link":"https:\/\/www.editage.com\/insights\/european-unions-leading-basic-research-funding-agency-assesses-its-impact","title":{"rendered":"European Union&#8217;s leading basic research funding agency assesses its impact"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-size: 14px;\">The <a href=\"https:\/\/erc.europa.eu\/\">European Research Council<\/a> (ERC), which awards some of the most sought-after grants for basic research, has announced that it will begin monitoring the outcomes of the research projects that it has commissioned. \u201c<a href=\"http:\/\/www.nature.com\/news\/europe-s-premier-funding-agency-measures-its-impact-1.20328\">We push both scientists and grant-application reviewers to take a certain risk, so it is important to know that they are actually taking risks \u2014 and that we are selecting the right projects<\/a>,\u201d stated Jean-Pierre Bourguignon, the ERC President.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14px;\">The ERC is the first pan-European funding body for frontier research, and was established in 2007 under the European Union\u2019s Seventh Framework Programme for Research. After funding nearly 6,000 projects, the ERC resolved to understand the impact of the research it has supported and conducted a pilot evaluation of the first 199 completed projects. The idea was to study their impact without any thematic constraints. The focus was on grading the success of each of the projects based on the kind of impact it has had on the global economy and how it has benefitted society. Therefore, instead of basing their analyses on bibliometrics, the evaluators were instructed to use their expertise to appraise the projects\u2019 success.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14px;\">According to the <a href=\"https:\/\/erc.europa.eu\/sites\/default\/files\/press_release\/files\/ESOF_2016_press_release.pdf\">press release<\/a> by the ERC, the evaluators found that more than 70% of ERC-funded projects have already made scientific breakthroughs; about 25% have made contributions that are incremental; and 4% had no appreciable scientific output. The report also specifies some other observations, for instance, the ERC majorly funds \u201chigh-risk\/high-gain\u201d projects, and a large share of the projects are interdisciplinary. The report concludes that the ERC \u201ccontributes significantly to the economy and society at large.\u201d This exercise cost the ERC \u20ac200,000 (US$220,000), which is a minor percentage of the ERC\u2019s total budget of \u20ac13.1 billion. \u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14px;\">This initiative by the ERC has been appreciated by the scientific community since it may be the first agency that funds basic research to analyze its own performance. Erik Arnold, chair of Technopolis, a European research and innovation consultancy headquartered in Brighton, UK, said, \u201c<a href=\"http:\/\/www.nature.com\/news\/europe-s-premier-funding-agency-measures-its-impact-1.20328\">Virtually no basic research funding agency tries retrospectively to analyse its own performance and impacts. It would be nice if the ERC effort would inspire others to do so.<\/a>\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><strong><em>References<\/em><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><a href=\"http:\/\/www.nature.com\/news\/europe-s-premier-funding-agency-measures-its-impact-1.20328\">Europe\u2019s premier funding agency measures its impact<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><a href=\"http:\/\/www.nature.com\/news\/agencies-must-show-that-basic-research-is-worth-the-investment-1.20323\">Agencies must show that basic research is worth the investment<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Research Council (ERC), which awards some of the most sought-after grants for basic research, has announced that it will begin monitoring the outcomes of the research projects that it has commissioned. \u201cWe push both scientists and grant-application reviewers to take a certain risk, so it is important to know that they are actually [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":33313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2408],"tags":[1154,2644],"new_categories":[],"new_tags":[],"series":[],"class_list":["post-1281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-global-science","tag-industry-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European Union&#039;s leading basic research funding agency assesses its impact | Editage Insights<\/title>\n<meta name=\"description\" content=\"The European Research Council has announced that it will begin monitoring the economic 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