Guidelines for Evaluating the Economic and Social Returns of Fundamental Research Grant Projects, Fiscal Year 2025, Rajamangala University of Technology Lanna
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Abstract
This study aims to develop comprehensive guidelines and assessment tools for evaluating the economic and social returns of research projects funded by the Fundamental Fund at Rajamangala University of Technology Lanna. The assessment focuses on systematically measuring the empirical outcomes and impacts derived from basic research. The developed tools include a prototype economic and social return assessment program, a scoring rubric for selecting pilot projects, and an impact pathway diagram, which together facilitate a comprehensive analysis of the relationships between research outcomes and their resulting impacts. Application of these guidelines and tools to an actual research case study revealed a Social Return on Investment (SROI) ratio of 1:3.79, indicating that every 1 baht invested generated 3.79 baht in combined social and economic value. This result demonstrates the efficiency and value for money inherent in basic research investment. Furthermore, the developed tools proved effective in capturing and reflecting the value created within the specific context of Rajamangala University of Technology Lanna, whose vision emphasizes innovation for community development. The findings also highlight the importance of strengthening researcher capacity and supporting research projects that aim to generate sustainable socio-economic impact.
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