{"id":61741,"date":"2018-01-12T11:57:19","date_gmt":"2018-01-12T10:57:19","guid":{"rendered":"https:\/\/uniavisen.dk\/?p=61741\/"},"modified":"2018-01-12T11:57:19","modified_gmt":"2018-01-12T10:57:19","slug":"ucph-returns-4-times-more-to-society-than-state-invests-study-finds","status":"publish","type":"post","link":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/","title":{"rendered":"UCPH returns 4 times more to society than state invests, study finds"},"content":{"rendered":"

Is spending money to run universities, provide young people with an education and fund basic research?<\/p>\n

According to universities themselves, the answer is a resounding \u2018yes\u2019.<\/p>\n

Figures for LERU <\/secret><\/a> show that its 23 members alone were responsible for \u20ac99.8 billion in growth 2016 (or, more precisely, this was the amount of gross value they added)<\/secret>.<\/p>\n

The figures stem from a\u00a0rapport<\/a> compiled by\u00a0BiGGAR<\/a> Economics, a Scotland based independent economic consultancy, on behalf of LERU. According to the findings, the University of Copenhagen, which is an LERU member, was responsible for 28.4 billion kroner worth of GVA in Denmark in 2016, and 33.4 billion kroner in all of Europe. By way of comparison, the university\u2019s budget is 8 billion kroner annually.<\/p>\n

The school\u2019s administration welcomed<\/a> the findings: \u201cAs a business model, putting young people together with knowledge is a highly profitable cocktail,\u201d says Thomas Bj\u00f8rnholm, the pro-rector for research.<\/p>\n

\u201cA report of this nature dovetails with our message that universities are an investment, not an expense. There is a huge return on investing in knowledge-creation and in young, talented people who can use what they\u2019ve learned for the benefit of society, by either working or starting their own company.\u201d<\/p>\n

According to the LERU report, each krone invested in the university results in five kroner in GVA. It also concludes that universities are job factories: as a group<\/secret>, the universities that the study looked at, with a combined 228,000 employees, created 1.3 million jobs.<\/p>\n

\n

LERU<\/p>\n

The League of European Research Universities is a consortium of 23 members. Founded in 2002, LERU lobbies for increased investment to promote education as the foundation of societal development. The University of Copenhagen is the group\u2019s only Danish member. It was added in 2017 as part of a group of 11 universities.<\/p>\n<\/div>\n

Short and long-term value<\/h2>\n

Some of the GVA generated by universities stems from their sheer size as employers. In addition, employees and students are generate economic activity of their own. On top of this is the value universities contribute by doing what they are set up to do: create knowledge.<\/p>\n

 <\/p>\n

Some of that knowledge-creation is passed on to society for free, but much of it is sold or used as the foundation for new firms.
\n
\nThe value of the knowledge transfer by the 23 LERU universities in 2016, in the form of licences, research partnerships or paid research, amounted to \u20ac33 billion.<\/p>\n

\u201cWe make sure that firms find value in partnering with researchers,\u201d Bj\u00f8rnholm says. \u201cNature Index, which tracks the affiliations of high-quality scientific articles, recently released its ranking of the world\u2019s universities based on the quality of their publications and their corporate research partners. The University of Copenhagen is number 13 on their list.\u201d<\/p>\n

Open-source knowledge<\/h2>\n

LERU\u2019s report underscores that the overall economic value of universities can be hard to compute, but it concludes that, no matter how you calculate it, it is greater than the overall value of its research, since some discoveries, such as the internet, can make enormous contributions over long periods.<\/p>\n

Bj\u00f8rnholm points to the discovery of the GLP1 hormone in 1986 by biologist Jens Juul Holst. Today, the hormone is cornerstone <\/secret>of Novo Nordisk\u2019s business. GLP1 has helped make Novo Nordisk one of the world\u2019s most valuable companies, and, in return, through its charitable foundation, the company is one of the largest financial contributors<\/a>\u00a0to basic research at the university.<\/p>\n

\u201cOur next goal is to work with the private sector to develop a quantum computer. If we\u2019re successful, the work could be extremely valuable for firms that work with quantum computers,\u201d Bj\u00f8rnholm says.<\/p>\n

But universities, he feels, should be satisfied with creating value for others and not try to cash in on their reputation.<\/p>\n

\u201cUniversities should realise that their value is in their prestige. Working with the private sector boosts their reputation, but it\u2019s not something they should think of in commercial terms. One recent example was computer science professor Michael Thorup, who wrote an article about an algorithm that could significantly reduce the amount of data video-hosting website Vimeo <\/secret>needed, and, by way of extension, the amount of power it needed. None of that was anything he got paid for. But his research has had a big impact on carbon pollution. And, who knows, maybe someday Vimeo will fund a research centre here.\u201d<\/p>\n

Economies of academic scale<\/h2>\n

LERU\u2019s members are some of the world\u2019s leading universities. Do less prestigious institutions contribute at the same level? Bj\u00f8rnholm finds it unlikely.
\n
\n\u201cMy assumption is that you need to achieve a certain level before you start seeing outsized impacts,\u201d he says. \u201cThere are some schools that generate more in value than they receive in funding. You can tell which ones they are because they\u2019ve all given rise to valuable research and corporate hubs. Think of Silicon Valley, or the Boston area, or Oxbridge. In reality, there are very few places of that calibre. The LERU study shows that Copenhagen <\/secret>has a high GVA, but universities that are half as good don\u2019t create half as much value. It\u2019s more like only a tenth as much.<\/p>\n

\u201cBut if it\u2019s true that the relationship between quality and GVA is exponential, then if we doubled the quality of the university, then the amount of value we contributed to society would more than double.\u201d<\/p>\n

The best way to do that, he suggests, is by having the right people.<\/p>\n

\u201cRecruit the best researchers \u2013 primarily associate professors \u2013 and concentrate on faculty-development so that the best minds are interested in working here.\u201d<\/p>\n

Confirms the findings of other studies<\/h2>\n

The report also calculates that the collective additional value in terms of salary for people holding a university degree is \u20ac23 billion<\/secret>.<\/p>\n

No similar figure is available for how much extra firms earn by hiring university-educated employees compared with non-university educated, but a Danish study, compiled by Dj\u00f8f, a professional union, found this to be the case (link to study in Danish<\/a>). Another study<\/a>, by Novo Nordisk Fonden, a philanthropic foundation, concluded that were benefits to investing in life-sciences research.
\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Universities are a good investment: the most recent report from the League of European Research Universities finds that universities generate \u20ac100 million in value each year. <\/p>\n","protected":false},"author":7,"featured_media":61954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45,46],"tags":[1012],"class_list":["post-61741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-science","tag-leru","expression-news_article"],"acf":[],"aioseo_notices":[],"yoast_head":"\nUCPH returns 4 times more to society than state invests, study finds<\/title>\n<meta name=\"description\" content=\"Universities are a good investment, the most recent report from the League of European Research Universities (LERU) finds.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UCPH returns 4 times more to society than state invests, study finds\" \/>\n<meta property=\"og:description\" content=\"Universities are a good investment, the most recent report from the League of European Research Universities (LERU) finds.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/\" \/>\n<meta property=\"og:site_name\" content=\"University Post\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uniavis\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/christoffer.zieler\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-12T10:57:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christoffer Zieler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Uniavisen\" \/>\n<meta name=\"twitter:site\" content=\"@Uniavisen\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christoffer Zieler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/\"},\"author\":{\"name\":\"Christoffer Zieler\",\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/#\\\/schema\\\/person\\\/a96cc389f544930451424dd312b34b8c\"},\"headline\":\"UCPH returns 4 times more to society than state invests, study finds\",\"datePublished\":\"2018-01-12T10:57:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/\"},\"wordCount\":1153,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/uniavisen.dk\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/helgesandermedfarve.jpg\",\"keywords\":[\"LERU\"],\"articleSection\":[\"International\",\"Science\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/\",\"url\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/\",\"name\":\"UCPH returns 4 times more to society than state invests, study finds\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/uniavisen.dk\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/helgesandermedfarve.jpg\",\"datePublished\":\"2018-01-12T10:57:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/#\\\/schema\\\/person\\\/a96cc389f544930451424dd312b34b8c\"},\"description\":\"Universities are a good investment, the most recent report from the League of European Research Universities (LERU) finds.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/#primaryimage\",\"url\":\"https:\\\/\\\/uniavisen.dk\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/helgesandermedfarve.jpg\",\"contentUrl\":\"https:\\\/\\\/uniavisen.dk\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/helgesandermedfarve.jpg\",\"width\":1200,\"height\":887,\"caption\":\"Videnskabsminister Helge Sander (2001-2010) var ber\u00f8mt og berygtet for en politik, hvor universiteterne skulle drive v\u00e6ksten i samfundet under sloganet 'fra tanke til faktura'. If\u00f8lge LERU havde Sander fat i noget. Der er penge i tanker.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UCPH returns 4 times more to society than state invests, study finds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/#website\",\"url\":\"https:\\\/\\\/uniavisen.dk\\\/\",\"name\":\"University Post\",\"description\":\"Independent of management\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/uniavisen.dk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/#\\\/schema\\\/person\\\/a96cc389f544930451424dd312b34b8c\",\"name\":\"Christoffer Zieler\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4bf8592c5d42f63ff76abd26557ba3887d83a2e784a2508b81d423cf582346fa?s=96&d=identicon&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4bf8592c5d42f63ff76abd26557ba3887d83a2e784a2508b81d423cf582346fa?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4bf8592c5d42f63ff76abd26557ba3887d83a2e784a2508b81d423cf582346fa?s=96&d=identicon&r=g\",\"caption\":\"Christoffer Zieler\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/christoffer.zieler\"],\"url\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/author\\\/christoffer\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UCPH returns 4 times more to society than state invests, study finds","description":"Universities are a good investment, the most recent report from the League of European Research Universities (LERU) finds.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/","og_locale":"en_US","og_type":"article","og_title":"UCPH returns 4 times more to society than state invests, study finds","og_description":"Universities are a good investment, the most recent report from the League of European Research Universities (LERU) finds.","og_url":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/","og_site_name":"University Post","article_publisher":"https:\/\/www.facebook.com\/uniavis","article_author":"https:\/\/www.facebook.com\/christoffer.zieler","article_published_time":"2018-01-12T10:57:19+00:00","og_image":[{"width":1200,"height":887,"url":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve.jpg","type":"image\/jpeg"}],"author":"Christoffer Zieler","twitter_card":"summary_large_image","twitter_creator":"@Uniavisen","twitter_site":"@Uniavisen","twitter_misc":{"Written by":"Christoffer Zieler","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/#article","isPartOf":{"@id":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/"},"author":{"name":"Christoffer Zieler","@id":"https:\/\/uniavisen.dk\/#\/schema\/person\/a96cc389f544930451424dd312b34b8c"},"headline":"UCPH returns 4 times more to society than state invests, study finds","datePublished":"2018-01-12T10:57:19+00:00","mainEntityOfPage":{"@id":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/"},"wordCount":1153,"commentCount":0,"image":{"@id":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/#primaryimage"},"thumbnailUrl":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve.jpg","keywords":["LERU"],"articleSection":["International","Science"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/","url":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/","name":"UCPH returns 4 times more to society than state invests, study finds","isPartOf":{"@id":"https:\/\/uniavisen.dk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/#primaryimage"},"image":{"@id":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/#primaryimage"},"thumbnailUrl":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve.jpg","datePublished":"2018-01-12T10:57:19+00:00","author":{"@id":"https:\/\/uniavisen.dk\/#\/schema\/person\/a96cc389f544930451424dd312b34b8c"},"description":"Universities are a good investment, the most recent report from the League of European Research Universities (LERU) finds.","breadcrumb":{"@id":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/#primaryimage","url":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve.jpg","contentUrl":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve.jpg","width":1200,"height":887,"caption":"Videnskabsminister Helge Sander (2001-2010) var ber\u00f8mt og berygtet for en politik, hvor universiteterne skulle drive v\u00e6ksten i samfundet under sloganet 'fra tanke til faktura'. If\u00f8lge LERU havde Sander fat i noget. Der er penge i tanker."},{"@type":"BreadcrumbList","@id":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniavisen.dk\/en\/"},{"@type":"ListItem","position":2,"name":"UCPH returns 4 times more to society than state invests, study finds"}]},{"@type":"WebSite","@id":"https:\/\/uniavisen.dk\/#website","url":"https:\/\/uniavisen.dk\/","name":"University Post","description":"Independent of management","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniavisen.dk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/uniavisen.dk\/#\/schema\/person\/a96cc389f544930451424dd312b34b8c","name":"Christoffer Zieler","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4bf8592c5d42f63ff76abd26557ba3887d83a2e784a2508b81d423cf582346fa?s=96&d=identicon&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4bf8592c5d42f63ff76abd26557ba3887d83a2e784a2508b81d423cf582346fa?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4bf8592c5d42f63ff76abd26557ba3887d83a2e784a2508b81d423cf582346fa?s=96&d=identicon&r=g","caption":"Christoffer Zieler"},"sameAs":["https:\/\/www.facebook.com\/christoffer.zieler"],"url":"https:\/\/uniavisen.dk\/en\/author\/christoffer\/"}]}},"advancedCustomFields":{"layout_group":[{"acf_fc_layout":"Headline","use_post_title":true,"headline":"","style":"default","highlighted_words":"","text_size":"small"},{"acf_fc_layout":"Image","image":{"ID":61954,"id":61954,"title":"Helge Sander med farve","filename":"helgesandermedfarve.jpg","filesize":104059,"url":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve.jpg","link":"https:\/\/uniavisen.dk\/en\/ucph-returns-4-times-more-to-society-than-state-invests-study-finds\/helge-sander-med-farve\/","alt":"","author":"7","description":"","caption":"Videnskabsminister Helge Sander (2001-2010) var ber\u00f8mt og berygtet for en politik, hvor universiteterne skulle drive v\u00e6ksten i samfundet under sloganet 'fra tanke til faktura'. If\u00f8lge LERU havde Sander fat i noget. Der er penge i tanker.","name":"helge-sander-med-farve","status":"inherit","uploaded_to":61741,"date":"2018-01-10 15:25:28","modified":"2018-03-22 09:00:57","menu_order":0,"mime_type":"image\/jpeg","type":"image","subtype":"jpeg","icon":"https:\/\/uniavisen.dk\/wp-includes\/images\/media\/default.png","width":1200,"height":887,"sizes":{"thumbnail":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve-150x150.jpg","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve-480x355.jpg","medium-width":480,"medium-height":355,"medium_large":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve-768x568.jpg","medium_large-width":768,"medium_large-height":568,"large":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve.jpg","large-width":1200,"large-height":887,"1536x1536":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve.jpg","1536x1536-width":1200,"1536x1536-height":887,"2048x2048":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve.jpg","2048x2048-width":1200,"2048x2048-height":887,"featured-soft":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve-290x214.jpg","featured-soft-width":290,"featured-soft-height":214,"featured-hard":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve-290x180.jpg","featured-hard-width":290,"featured-hard-height":180,"narrow":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve-700x517.jpg","narrow-width":700,"narrow-height":517,"extended":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve-990x732.jpg","extended-width":990,"extended-height":732}},"style":"full","text_placement":"metadata-below","image_link_url":"","image_link_title":"","caption_prefix":"","enable_alternative_caption":true,"alternative_caption":"As science minister from 2001-2010, Helge Sander was infamous for his belief that an \u2018idea to invoice\u2019 approach to running universities could be an engine of economic growth. LERU\u2019s latest report suggests he might not have been far off the mark"},{"acf_fc_layout":"Standfirst","subject":"ROI","text":"Universities are a good investment: the most recent report from the League of European Research Universities finds that universities generate \u20ac100 million in value each year. But the University of Copenhagen should remain focused on creating value for others, not turning a profit for themselves, prorector Thomas Bj\u00f8rnholm warns","use_post_excerpt":false},{"acf_fc_layout":"Byline","is_author":true,"contributors":false},{"acf_fc_layout":"Content","content":"<p>Is spending money to run universities, provide young people with an education and fund basic research?<\/p>\n<p>According to universities themselves, the answer is a resounding \u2018yes\u2019.<\/p>\n<p>Figures for <a href=\"https:\/\/www.leru.org\/news\/the-economic-contribution-of-leru-universities-2016\"><secret text=\"The League of European Research Universities is a consortium of 23 of some of the world\u2019s best academic institutions, including Oxford, Cambridge, the Sorbonne and the University of Copenhagen\">LERU <\/secret><\/a> show that its 23 members alone were responsible for \u20ac99.8 billion in growth 2016 (or, more precisely, this was the amount of <secret text=\"https:\/\/en.wikipedia.org\/wiki\/Gross_value_added\">gross value they added)<\/secret>.<\/p>\n<p>The figures stem from a\u00a0<a href=\"https:\/\/www.leru.org\/files\/The-Economic-Contribution-of-the-LERU-Universities-2016-Full-paper.pdf\">rapport<\/a> compiled by\u00a0<a href=\"https:\/\/biggareconomics.co.uk\">BiGGAR<\/a> Economics, a Scotland based independent economic consultancy, on behalf of LERU. According to the findings, the University of Copenhagen, which is an LERU member, was responsible for 28.4 billion kroner worth of GVA in Denmark in 2016, and 33.4 billion kroner in all of Europe. By way of comparison, the university\u2019s budget is 8 billion kroner annually.<\/p>\n<p>The school\u2019s administration <a href=\"https:\/\/twitter.com\/koebenhavns_uni\/status\/936540220522205184\">welcomed<\/a> the findings: \u201cAs a business model, putting young people together with knowledge is a highly profitable cocktail,\u201d says Thomas Bj\u00f8rnholm, the pro-rector for research.<\/p>\n<p>\u201cA report of this nature dovetails with our message that universities are an investment, not an expense. There is a huge return on investing in knowledge-creation and in young, talented people who can use what they\u2019ve learned for the benefit of society, by either working or starting their own company.\u201d<\/p>\n<p>According to the LERU report, each krone invested in the university results in five kroner in GVA. It also concludes that universities are job factories: <secret text=\"The 2016 figures for the University of Copenhagen are: 74,570 jobs in Denmark, and 92,920 in all of Europe: far more than the university employs\">as a group<\/secret>, the universities that the study looked at, with a combined 228,000 employees, created 1.3 million jobs.<\/p>\n<div class=\"factbox\">\n<p class=\"factbox-header feature-color\">LERU<\/p>\n<p>The League of European Research Universities is a consortium of 23 members. Founded in 2002, LERU lobbies for increased investment to promote education as the foundation of societal development. The University of Copenhagen is the group\u2019s only Danish member. It was added in 2017 as part of a group of 11 universities.<\/p>\n<\/div>\n<h2>Short and long-term value<\/h2>\n<p>Some of the GVA generated by universities stems from their sheer size as employers. In addition, employees and students are generate economic activity of their own. On top of this is the value universities contribute by doing what they are set up to do: create knowledge.<\/p>\n<p> <\/p>\n<p>Some of that knowledge-creation is passed on to society for free, but much of it is sold or used as the foundation for new firms.<\/p>\n"},{"acf_fc_layout":"Quote","quote":"Universities should realise that their value is in their prestige. Working with the private sector boosts their reputation, but it\u2019s not something they should think of in commercial terms. ","quotee":"Thomas Bj\u00f8rnholm, pro-rector for research at UCPH","style":"extended"},{"acf_fc_layout":"Content","content":"<p>The value of the knowledge transfer by the 23 LERU universities in 2016, in the form of licences, research partnerships or paid research, amounted to \u20ac33 billion.<\/p>\n<p>\u201cWe make sure that firms find value in partnering with researchers,\u201d Bj\u00f8rnholm says. \u201cNature Index, which tracks the affiliations of high-quality scientific articles, recently released its ranking of the world\u2019s universities based on the quality of their publications and their corporate research partners. The University of Copenhagen is number 13 on their list.\u201d<\/p>\n<h2>Open-source knowledge<\/h2>\n<p>LERU\u2019s report underscores that the overall economic value of universities can be hard to compute, but it concludes that, no matter how you calculate it, it is greater than the overall value of its research, since some discoveries, such as the internet, can make enormous contributions over long periods.<\/p>\n<p>Bj\u00f8rnholm points to the discovery of the GLP1 hormone in 1986 by biologist Jens Juul Holst. Today, the hormone is <secret text=\"20,000 diabetics in Denmark are treated with GLP1\">cornerstone <\/secret>of Novo Nordisk\u2019s business. GLP1 has helped make Novo Nordisk one of the world\u2019s most valuable companies, and, in return, through its charitable foundation, the company is <a href=\"https:\/\/uniavisen.dk\/friends-with-benefits-ku-novo-tager-naeste-skridt\">one of the largest financial contributors<\/a>\u00a0to basic research at the university.<\/p>\n<p>\u201cOur next goal is to work with the private sector to develop a quantum computer. If we\u2019re successful, the work could be extremely valuable for firms that work with quantum computers,\u201d Bj\u00f8rnholm says.<\/p>\n<p>But universities, he feels, should be satisfied with creating value for others and not try to cash in on their reputation.<\/p>\n<p>\u201cUniversities should realise that their value is in their prestige. Working with the private sector boosts their reputation, but it\u2019s not something they should think of in commercial terms. One recent example was computer science professor Michael Thorup, who wrote an article about an algorithm that could significantly reduce the amount of data video-hosting website <secret text=\"And potentially any number of other IT firms\">Vimeo <\/secret>needed, and, by way of extension, the amount of power it needed. None of that was anything he got paid for. But his research has had a big impact on carbon pollution. And, who knows, maybe someday Vimeo will fund a research centre here.\u201d<\/p>\n<h2>Economies of academic scale<\/h2>\n<p>LERU\u2019s members are some of the world\u2019s leading universities. Do less prestigious institutions contribute at the same level? Bj\u00f8rnholm finds it unlikely.<\/p>\n"},{"acf_fc_layout":"Quote","quote":"A report of this nature dovetails with our message that universities are an investment, not an expense","quotee":"Thomas Bj\u00f8rnholm","style":"extended"},{"acf_fc_layout":"Content","content":"<p>\u201cMy assumption is that you need to achieve a certain level before you start seeing outsized impacts,\u201d he says. \u201cThere are some schools that generate more in value than they receive in funding. You can tell which ones they are because they\u2019ve all given rise to valuable research and corporate hubs. Think of Silicon Valley, or the Boston area, or Oxbridge. In reality, there are very few places of that calibre. The LERU study shows that <secret text=\"Bj\u00f8rnholm reckons the University of Copenhagen is among the world\u2019s top 50\">Copenhagen <\/secret>has a high GVA, but universities that are half as good don\u2019t create half as much value. It\u2019s more like only a tenth as much.<\/p>\n<p>\u201cBut if it\u2019s true that the relationship between quality and GVA is exponential, then if we doubled the quality of the university, then the amount of value we contributed to society would more than double.\u201d<\/p>\n<p>The best way to do that, he suggests, is by having the right people.<\/p>\n<p>\u201cRecruit the best researchers \u2013 primarily associate professors \u2013 and concentrate on faculty-development so that the best minds are interested in working here.\u201d<\/p>\n<h2>Confirms the findings of other studies<\/h2>\n<p>The report also calculates that the collective additional value in terms of salary for people holding a university degree is <secret text=\"The report says the number may be underestimated, but it calculated the figure using the same method as in previous LERU reports. It suggests a more accurate figure is \u20ac47.6 billion\">\u20ac23 billion<\/secret>.<\/p>\n<p>No similar figure is available for how much extra firms earn by hiring university-educated employees compared with non-university educated, but a Danish study, compiled by Dj\u00f8f, a professional union, found this to be the case (<a href=\"https:\/\/www.djoef.dk\/~\/media\/documents\/djoef\/d\/dj-oe-f-analyse\/faktaark-v-ae-rdien-af-den-f-oe-rste-akademiker-januar-2017.pdf?la=da\">link to study in Danish<\/a>). Another <a href=\"http:\/\/novonordiskfonden.dk\/sites\/default\/files\/nnf_forskningsokonomi-pixi_bladeudgave_2.pdf\">study<\/a>, by Novo Nordisk Fonden, a philanthropic foundation, concluded that were benefits to investing in life-sciences research.<\/p>\n"},{"acf_fc_layout":"ArticleEnd"},{"acf_fc_layout":"OtherStories","headline":"","hand_picked_posts":false,"references":false,"category":false,"theme":false,"number_of_posts":"4","style":"default"}],"expression":{"term_id":15,"name":"News Article","slug":"news_article","term_group":0,"term_taxonomy_id":15,"taxonomy":"expression","description":"","parent":0,"count":11488,"filter":"raw"},"enable_comments":true,"align_content":"alignleft","feature_color":""},"taxonomyData":{"category":[{"term_id":45,"name":"International","slug":"international","term_group":0,"term_taxonomy_id":45,"taxonomy":"category","description":"","parent":0,"count":315,"filter":"raw"},{"term_id":46,"name":"Science","slug":"science","term_group":0,"term_taxonomy_id":46,"taxonomy":"category","description":"","parent":0,"count":831,"filter":"raw"}],"post_tag":[{"term_id":1012,"name":"LERU","slug":"leru","term_group":0,"term_taxonomy_id":1012,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"}],"post_format":[],"expression":[{"term_id":15,"name":"News Article","slug":"news_article","term_group":0,"term_taxonomy_id":15,"taxonomy":"expression","description":"","parent":0,"count":11488,"filter":"raw"}],"translation_priority":[]},"featured_media_url":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2018\/01\/helgesandermedfarve.jpg","_links":{"self":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts\/61741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/comments?post=61741"}],"version-history":[{"count":5,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts\/61741\/revisions"}],"predecessor-version":[{"id":62082,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts\/61741\/revisions\/62082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/media\/61954"}],"wp:attachment":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/media?parent=61741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/categories?post=61741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/tags?post=61741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}