VINNOVA's focus on impact: a joint approach for logic assessment, monitoring, evaluation and impact analysis

Economic research shows that innovation is crucial to long-term economic development and growth. Research & Development (R&D) investment is investment in innovation and thus fundamentally important to the innovativity of companies, industries, regions and countries. Econometric studies also show a clear connection between R&D investment and economic growth. Furthermore, the research shows the general socio economic yield of R&D investment to be considerably greater than the private returns generated by investment in R&D and innovation. The economic research into the connection between R&D, innovation and growth largely concerns the macroeconomic level and is generally based on statistical models of how the economy moves from one state to another. This research therefore provides limited knowledge on how the connection functions on the micro level and how the dynamic in these correlations appears. It thus also provides little guidance as to how R&D and innovation policy can and should be designed to generate the desired impact on sustainable growth in various countries and regions. The macroeconomic research should therefore be augmented with dynamic micro and mesoanalyses in order to achieve a good basis for policy development. VINNOVA's task is to promote sustainable growth through funding of needs-driven research and the development of effective innovation systems. Innovation systems are an analytical perspective for understanding the dynamic connection between participants and factors influencing the volume, direction, results and impact of innovation processes. Since VINNOVA's operation aims to promote innovation and sustainable growth in Sweden, the innovation system perspective is the starting point for assessing the measures prioritised and implemented by VINNOVA. Before commencing, VINNOVA's efforts undergo an impact logic assessment; they are monitored for their duration and are evaluated both whilst ongoing and at their conclusion. In addition, there is posterior evaluation of the efforts regarding what impact they have generated on sustainable growth in Sweden. This report shows how VINNOVA is working to develop a systematic approach and coherent processes to achieve this. An international expert panel has also been set up in that context. Impact logic assessments are conducted before various initiatives are commenced. This means impact logic is designed and tested ex ante, or, in advance. Programmes and calls are subject to continuous monitoring. For ongoing efforts, that is to say programmes, calls and projects, the aim is to secure short-term outcomes for the efforts and provide an early indication of their impact on research, industry and the public sector. Evaluations are also conducted in close connection with implementation of various efforts. Evaluations are normally carried out at the end of the programme, or ex post, and one or more occasions during ongoing efforts, known as mid-term evaluations. Impact analyses are carried out so as to understand and learn from the long-term impacts on sustainable growth by VINNOVA's initiatives. These are often impacts resulting from more and broader efforts than those corresponding to individual programmes. Since the beginning of 2001 VINNOVA, has been working to develop methods and ways of working to carry out such impact analyses. Five have so far been conducted. These are unique in significant ways from an international perspective. The report summarises the impact analyses conducted so far and summarises the most important lessons from them in terms of content and methodology. (A). http://www.vinnova.se/upload/EPiStorePDF/va-08-01.pdf

Language

  • English

Media Info

  • Pagination: 92p
  • Serial:
    • VINNOVA ANALYSIS VA
    • Issue Number: 2008:01
    • Publisher: VINNOVA - SWEDISH GOVERNMENTAL AGENCY FOR INNOVATION SYSTEMS
    • ISSN: 1651-355X

Subject/Index Terms

Filing Info

  • Accession Number: 01144903
  • Record Type: Publication
  • Source Agency: Swedish National Road and Transport Research Institute (VTI)
  • Files: ITRD
  • Created Date: Nov 23 2009 10:15AM