ATTRACT project: new perspectives on the socioeconomic impact of innovation

ATTRACT project: new perspectives on the socioeconomic impact of innovation

ATTRACT project: new perspectives on the socioeconomic impact of innovation 970 545 ATTRACT Project phase 2

ATTRACT was presented during the second edition of the EIROforum workshop “Economics of Big Science”, which was held in Paris on May 24th and organised by the European Space Agency (ESA) and the European Organization for Nuclear Research (CERN).

This science-policy event brought together different experts from the research community, and its purpose was to discuss how big science can contribute to socioeconomic benefits while attendees shared their knowledge, outcomes and good practices of the projects they are working on.

During the workshop, the ATTRACT project was presented as an initiative that investigates the micro and macro socioeconomic impact of this ambitious project and that hopes to become an important input for the development of future research and innovation policies.

Most of the research is focused on traditional metrics of economic impact, such as job creation or other economic multipliers, and this is important, but there are other issues to consider.

“What we are trying to do in ATTRACT is focus on the intermediate benefits of big science infrastructures that are more difficult to measure, such as how product development practices and entrepreneurship are stimulated by processes developed through basic scientific research. These effects may be more extensive, yet commensurately challenging, to identify and quantify”, explained Jonathan Wareham, Professor of Information Systems at Esade and member of the ATTRACT project Consortium Board.

Among the attendees of the workshop, there were representatives of institutions such as the Organisation for Economic Co-operation and Development, the European Southern Observatory, the European Synchrotron Radiation Facility, Esade, the University of Milan, and the University of Manchester, etc.

It should be noted that the European Intergovernmental Research Organisation forum (EIROforum) brings together eight of Europe’s largest research organisations and has the mission to combine the resources, facilities and expertise of its member organisations to support European science in reaching its full potential.

Get to know more about the Socioeconomic studies from ATTRACT phase 2 here.

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Project partners

European flag This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No. 101004462