EBI economic impact slideshare
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Transcript of EBI economic impact slideshare
The Value and Impact of The European Bioinformatics Institute:
Economic Summary Slides
Neil Beagrieand John Houghton
February 2016
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).
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).
Further InformationFull Report:
http://www.beagrie.com/EBI-impact-report.pdf