Sources of Value Adding Outcomes
Together, the activities of the programme cycle can influence the investments made in a certain technology area or contribute to collaborations that increases the effectiveness of the innovation system (system outcomes). Moreover, the agency’s activities can strengthen the innovation capabilities of firms and stimulate firms to move into new riskier areas of R&D (organisational outcomes). Skilled agencies can also through their value adding support accelerate time to project completion or increase scope and scale of supported projects (project outcomes).
But how does an agency know that it is creating this added value and how does an agency become aware of how to improve its ability to add value to clients and innovation systems? This is where the TAFTIE self-assessment tool comes in handy. The self-assessment reveals and illustrates how an assessed agency adds value through the execution and management of RTDI programmes, a value that exceeds the benefits from just distributing public funds.
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