What is valorisation?
We define ‘valorisation’ as the process of using academic knowledge to create societal or commercial value. In English, valorisation is more commonly known as 'impact' or 'knowledge utilisation'. Valorisation is the third mission of Dutch universities after education and research. We distinguish 9 types of valorisation impact corresponding to the broad scope of valorisation: commercial impact, policy impact, social impact, health impact, cultural impact, environmental impact, technological impact, legal impact and international impact. A description of these impact types can be found in the toolbox.
Valorisation is important both for those inside and those outside of academia. First, valorisation is a way in which academic knowledge benefits society in a general sense. Second, valorisation offers opportunities to develop and fund research within universities. Lastly, valorisation is increasingly an integral part of the requirements for competitive funding in research, both at the national and at the European level.
ECV supports valorisation efforts of employees of the Erasmus University Rotterdam (EUR). In particular, we support the creation of so-called ‘societal value valorisation chains’, in which there is a reciprocal relationship between researchers and partners outside academia in the process of creating knowledge and value. In such a chain, valorisation not only involves the researcher disseminating his or her knowledge, but also engaging with partners in the development of practical knowledge, excellent research and education. The societal value valorisation chain developed at the EUR by professors Claassen and Commandeur guides our understanding and implementation of valorisation.