EBI economic impact slideshare

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The Value and Impact of The European Bioinformatics Institute: Economic Summary Slides Neil Beagrie and John Houghton February 2016

Transcript of EBI economic impact slideshare

Page 1: EBI economic impact slideshare

The Value and Impact of The European Bioinformatics Institute:

Economic Summary Slides

Neil Beagrieand John Houghton

February 2016

Page 2: EBI economic impact slideshare

Investment& Use Value

(Direct)

ContingentValuation

(Stated)

EfficiencyImpacts

(Estimated)

Return onInvestment (Estimated)

Investment ValueAmount spent on

producing thegood or service

Use ValueAmount spent

obtaining and using the

good or service

Willingness to AcceptMinimum amount

user would bewilling to accept

to forego

Willingness to PayMaximum amount

user would bewilling to pay

Efficiency SavingsEstimated value of efficiency gains dueto using the good

or service

Range of Time Savings(from time spent withdata from EMBL-EBIto overall work time)

Return onInvestment

in R&D usingEMBL-EBI

Data & Services

Estimated returnon investment in the research time

spent usingEMBL-EBI

data and services

of which

That arising from the pure additional use facilitated by

EMBL-EBI

VALUEUser Community

IMPACTWider Society

Beagrie, N. & Houghton, J.W. (2016) The Value and Impact of the European Bioinformatics Institute (www.beagrie.com/EBI-impact-report.pdf).

Page 3: EBI economic impact slideshare

Investment& Use Value

(Direct)

ContingentValuation

(Stated)

EfficiencyImpacts

(Estimated)

Return onInvestment (Estimated)

Investment Value(Operational cost)

£47 million per annum

Access Value£270 million per annum

Use Value£2.3 billion per annum

Willingness to Accept£125 000 per user

per annum

Willingness to Pay

£322 millionper annum

Efficiency SavingsRange of Time Savings(from time spent withdata from EMBL-EBIto overall work time)

£1 billionto

£5 billionper annum

Return onInvestment

in R&D usingEMBL-EBI

Data & Services

£920 million annuallyup to

£6.9 billion NPVover 30 years

Of which

£335 million annuallyup to

£2.5 billion NPVover 30 years

from additionaluse facilitated by

EMBL-EBI

IMPACTWider Society

VALUEUser Community

Beagrie, N. & Houghton, J.W. (2016) The Value and Impact of the European Bioinformatics Institute (www.beagrie.com/EBI-impact-report.pdf).

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Further InformationFull Report:

http://www.beagrie.com/EBI-impact-report.pdf