Knowledge valorisation is a key process that transforms scientific data, knowledge and results into socially useful values (products, services, solutions, policies, etc.). Unlike traditional technology transfer, which mainly focuses on commercialisation and technological results, knowledge valorisation is encouraged by a transdisciplinary approach that includes social sciences and humanities and builds connections between social, environmental and economic aspects of social development.
Currently, in Serbia, over 90 billion dinars are invested in scientific research and R&D activities, which represents 0.94% of GDP. Compared to the size of the Serbian economy, we can conclude that this is a relatively modest investment. The investment structure is unbalanced, with current costs dominating at 92%, primarily salaries, and only 8% remains for investments. In order to increase the ability to valorise scientific knowledge, it is necessary to increase overall funding and provide a larger portion for investments.
Visit to the University of Technology and Economics (BME)
Representatives from the Institute for Development and Innovation participated in a three-day knowledge valorisation networking visit at the University of Technology and Economics (BME) in Budapest, Hungary.
The visit encompassed multiple research group tours and meetings. Participants visited the Fermentation Pilot Plant Laboratory, Biorefinery Research Group, the BME FIEK Centre for University-Industry Cooperation, the Department of Environmental Economics and Sustainability, Department of Energy Engineering, the Zero Carbon Hub (Knowledge Centre for the Development of the Hungarian Green Economy) and BME InnoLab, the technology transfer company of Budapest University of Technology and Economics.
These sessions provided crucial insights into practical knowledge valorisation mechanisms, policies, industry-academia co-creation frameworks, and funding mechanisms.
BEAMING Project: Raising Excellence in the Field of Bioeconomy
The knowledge valorisation networking visit was conducted as part of the BEAMING project (Bioeconomy Excellence Alliance for Stimulating an Innovative and Inclusive Green Transition), funded by the European Commission under the WIDERA work programme and implemented by the Institute for Development and Innovation.
The project aims to enhance excellence by increasing innovation and knowledge valorisation in the field of bioeconomy through cooperation between European higher education institutions and research institutes.
