Quotation Kretzschmar, Linn. 2020. Leveraging the Economic Potential of FCC’s Technologies and Processes. In: The Economics of Big Science. Essays by Leading Scientists and Policymakers, Hrsg. Beck, Hans Peter; Charitos, Panagiotis (Eds.), 85-91. Switzerland: Springer, Cham.




The essays in this open access volume identify the key ingredients for success in capitalizing on public investments in scientific projects and the development of large-scale research infrastructures. Investment in science – whether in education and training or through public funding for developing new research tools and technologies – is a crucial priority. Authors from big research laboratories/organizations, funding agencies and academia discuss how investing in science can produce societal benefits as well as identifying future challenges for scientists and policy makers. The volume cites different ways to assess the socio-economic impact of Research Infrastructures and their role as hubs of global collaboration, creativity and innovation. It highlights the different benefits stemming from fundamental research at the local, national and global level, while also inviting us to rethink the notion of “benefit” in the 21st century. Public investment is required to maintain the pace of technological and scientific advancements over the next decades. Far from advocating a radical transformation and massive expansion in funding, the authors suggest ways for maintaining a strong foundation of science and research to ensure that we continue to benefit from the outputs. The volume draws inspiration from the first “Economics of Big Science” workshop, held in Brussels in 2019 with the aim of creating a new space for dialogue and interaction between representatives of Big Science organizations, policy makers and academia. It aspires to provide useful reading for policy makers, scientists and students of science, who are increasingly called upon to explain the value of fundamental research and adopt the language and logic of economics when engaging in policy discussions


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Chapter in edited volume
Language English
Title Leveraging the Economic Potential of FCC’s Technologies and Processes
Title of whole publication The Economics of Big Science. Essays by Leading Scientists and Policymakers
Editor Beck, Hans Peter; Charitos, Panagiotis (Eds.)
Page from 85
Page to 91
Location Switzerland
Publisher Springer, Cham
Year 2020
URL https://link.springer.com/chapter/10.1007/978-3-030-52391-6_12
ISBN 978-3-030-52391-6
Open Access Y
Open Access Link https://link.springer.com/book/10.1007%2F978-3-030-52391-6


Kretzschmar, Linn (Former researcher)
Institute for Entrepreneurship and Innovation IN (Details)
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