Looking for a specific product?

Make a search for products & suppliers, articles & news.

Research pays off for companies and society

The survey was conducted by Møreforsking Molde, which has carried out such studies for the Research Council for many years. 


The current report reviews the year 2012, and shows that Research Council investments yield benefits for companies and society alike – but that it takes time before research results translate into tangible rewards. Four years after projects have been completed, a large proportion are still working on commercialising results.

“It’s critical for the Research Council to have reliable information about how our R&D support to industry is working,” says Anne Kjersti Fahlvik, Executive Director of the Research Council's Division for Innovation.

“We use impact analyses as a means to help us improve our funding schemes and to provide a sound basis for promoting the knowledge-intensive industrial sector that is so vital for value creation in Norway.”

Enhanced expertise and technological innovation

The survey polled companies for information about competence-building, knowledge dissemination and other external effects, as well as commercialisation and financial returns. The results indicate that companies value competence-building and the strengthening of knowledge networks as much as the purely financial profits.

Fully 90 per cent of the projects concluded in 2012 were considered very successful in terms of competence-building. The companies reported that 80 per cent of these projects have facilitated constructive cooperation and networking, and 61 per cent of the companies rated the competence-development gained through the projects as very important for their business development. Fifty per cent of the projects have benefitted greatly from cooperation and networking, and the companies emphasise that this has helped them to develop technological innovations.

Long-term effects of research funding

Since it can often take a long time to implement research results, the survey included the companies’ evaluation of results four years after project completion.

Of the projects completed in 2009, 67 per cent were considered to be very important for companies’ competence-development. Sixty-three per cent of project owners considered cooperation with R&D institutions to be very important for their company’s development, and 33 per cent of the projects were judged to be very important in developing the company’s long-term competitiveness.

“Even when a company does not succeed in commercialising the research results of a project, the knowledge gained can be applied to other contexts,” points out Ms Fahlvik. “The dissemination and spread of research findings and new knowledge acquired through innovation projects yields significant returns for society and industry as a whole.”

Read the extended English summary of the report Resultatmåling av brukerstyrt forskning 2012 (Measuring the results of user-driven research, 2012; PDF 4.66 MB).

Evaluation of user-driven research

The Research Council provides support for research in the industrial sector through the funding instrument Innovation Projects for the Industrial Sector. An innovation project is a research-and-development project in which the participating companies themselves determine the research topic. Close collaboration between companies and research institutions is a major component of these projects.

Innovation Projects for the Industrial Sector are designed to support research-based innovation and promote sustainable value creation for the participating companies and society at large.

The Research Council is taking steps to further strengthen industry-targeted research activity and has recently announced the largest funding pot to be made available for this type of grant to date. 

 

Associated companies:


 

Related news

Latest news

Eimskip strengthens its worldwide forwarding services by acquiring the logistics company SHIP-LOG A/S in Denmark

Eimskip has strengthened its position in worldwide logistics services by acquiring 75% of the freight forwarding company SHIP-LOG. 

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway!

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway! The entire shipbuilding and fabricating facility is closing and more than 500 lots is on sale.

Servogear CPP for Seasight II - Future of the Fjords

We are proud to announce that Servogear has been chosen for the delivery of Servogear...

TechnipFMC Signs Agreement with Pall to Supply Slurry Oil Filtration Systems for Fluid Catalytic Cracking Units

The associated activities will be managed by TechnipFMC Process Technology’s center in Houston,

10 Million kroner for verification funding

The Norwegian Research Council has granted 10 million...

Hilti acquires Oglaend System Group

Oglaend System’s headquarters will remain in Klepp, 

DOF Subsea AS ("DOF Subsea" or the "Company") today announces its intention to launch an initial public offering (the "IPO") of its ordinary shares and to apply for a listing on Oslo Børs

NOT FOR DISTRIBUTION OR RELEASE,

DOF Subsea North America extends charter for Jones Act Compliant vessel Harvey Deep Sea

The Harvey Deep Sea Vessel is a Multi-Purpose DPII Construction,

Untrue rumours about an on-going incident at the Halden Research Reactor in Norway

The Norwegian Radiation Protection Authority has become aware that stories about an ongoing incident involving a “meltdown” at the Norwegian Institute for Energy Technology (IFE) reactor situated in Halden are currently ci...