The first ever complete picture on philanthropic support to research and innovation in Europe
The aim of the EUFORI study was to quantify and assess foundations’ financial support and policies for research and innovation in the EU, make a comparative analysis between EU Member States, and identify trends and the potential for future developments in this sector. The basis for the work was the collection of data on the characteristics and activities of research-funding foundations in each EU Member State.
One of the most salient conclusions of the study is that foundations account for at least 5 billion euros in annual investment in research and innovation. Next to government and businesses, foundations as such fulfill an important complementary role in financing and stimulating research and innovation. However, the foundation landscape is fragmented and assets are concentrated in a relatively small amount of organizations. This raises interesting questions about institutional barriers between actors financing research and innovation, but also about what can be achieved were these institutional barriers to be overcome.
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