Measuring the Cultural and Socio-economic Effects of STEMAC R & D Activities

Abstract

Measuring impact is fundamental to improving the social acceptability of public investment in social and cultural infrastructures, as it can provide a basis for aligning research and innovation with society's values, needs and expectations. Looking at the potential of social and cultural innovation, a specific innovation in the cultural and creative industries is increasingly the result of a complex co-creation process involving knowledge flows throughout the economic and social environment. It has therefore become increasingly clear that co-creation plays a central role within the open innovation of STEMAC R&D. However, an accepted methodology for impact assessment is still lacking. The aim of this paper is to develop and test a methodology to measure the impact of technology transfer from basic research and development to industrial application and its cultural and socio-economic effects.