Concern exists that public funding of science is increasingly risk averse. Funders have addressed this concern by soliciting the submission of high-risk research to either regular or specially designed programs. Little evidence, however, has been gathered to examine the extent to which such...

This Chapter presents the EU policy context that underlies the need for macroeconomic modelling for the conduct of impact evaluations of R&I funding programmes and provides a critical summary and comparison of the different ex-ante macroeconomic impact assessments of the Horizon Europe Framework...