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Impact Assessment of EUREKA Network Projects and Cluster Projects

03-September-2017

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.

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

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

Raising the productivity and competitiveness of European businesses through technology. Boosting national economies on the international market, and strengthening the basis for sustainable prosperity and employment.