valorisation

Valorisation is the process of increasing the value or usefulness of something by applying knowledge, skills, or technology. In economics, it denotes creating value from goods or resources, often through processing, upgrading, or marketing. In the context of research and innovation, valorisation refers to turning knowledge, results, or outputs into social and economic value beyond scholarly publication. This includes disseminating results to stakeholders, transferring technology to industry, licensing, creating spin-off companies, and implementing innovations in public services.

Valorisation activities may involve market analysis to identify opportunities, partner engagement, demonstration projects, and standardization or policy uptake. Institutions such as universities and research institutes use technology transfer offices and knowledge transfer processes to manage valorisation, including intellectual property rights management, contract research, and collaboration agreements. Metrics for valorisation include uptake by industry, licensing revenues, the number of patents or publications translated into products, job creation, and social impact.

Differences from monetisation: valorisation covers broader value types, including social, environmental, and public benefits, not only financial return. In policy, valorisation aims at maximizing the value created from public research and public investment, supporting a knowledge-based economy and circular economy by turning waste streams into resources, energy, or materials, for example.

Challenges include misaligned incentives, funding gaps, intellectual property management, and coordination among academia, industry, and government. Effective valorisation requires clear governance, stakeholder involvement, and strategies aligned with long-term societal goals.