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On the Completion of the Israeli Chairmanship: Study Shows Eureka’s Impact

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Thursday, August 25th, 2011

The study shows definitive link between participation in EUREKA R&D program and growth in sales and employment.

The Israeli Chairmanship of EUREKA, the largest pan-European network for market-oriented, industrial R&D and innovation, released new survey data that shows a definitive link between participation in EUREKA programs and considerable growth in sales and employment.

Conducted by Kalman Gayer and the economic and strategic consulting firm Applied Economics Ltd., the study was released to mark the completion of Israel’s one-year Chairmanship term of EUREKA and EUREKA’s 25th anniversary.

The study compared the financial results of companies which participated in cooperative projects through EUREKA to similar companies which did not, among a representative sample of 350 Israeli and European companies. On average, companies participating in EUREKA recorded sales and employment that were 28% higher than companies which were not participating. The 28% gap was annually during the three years from the completion of the project. The study shows that the total annual increase in sales and employment among companies participating in EUREKA projects is approximately 2.8 billion euro, in addition to 25,000 jobs created each year.

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