Valorization
February 28th, 2008By Sander Spek
Science and business is not always a good marriage. Even at EC/DC, an institute that in its work tries to connect the fields, we see friction between the two sides occurring in many projects. Business partners only care about what is in it for them, and are very reluctant to publish or share research results. Academic partners, on the other hand, only care about fundamental research, that has no practical application whatsoever. These are, of course, exaggerated clichés, and the world is not so black and white, but we cannot deny that conflicts of interest, and thus conflicts of action, exist. Which is a shame, since co-operation between science and business can benefit the both.
In this respect, it is a good step that more and more academic partners are not keeping research results to themselves and their academic peers, but actively try to present their conclusions to society in general and the industry in particular. This often even rewards them with good feedback. From a linguistic perspective we would expect Flanders to be a front-runner, since they even have a word for this: valorisatie. It means interacting academic results with society and industry. In the Netherlands, speaking the same language as Flanders, this word is nearly unknown. And also an English speaking person will look puzzled when you coin the word valorization. Except when this person is an economist, because in this field valorization does exist, albeit with a different meaning.
Although…
The economic term valorization originates from the works of Karl Marx. It refers to the surplus-value that is created by capitalists. Putting labour and other resources into a product increases it’s value. But to the capitalist, this is not enough, argued Marx. The capitalist wants to raise the value even more, to make a profit out of the product. Creating this over-value is called valorization.
Academic valorization is not that much different, although it loses the negative connotation Marx put on the word. After all, when the traditional academic work is done—meaning results have been generated, they have been presented at academic conferences and published in scientific journals, and the financiers have been satisfied—the fundamental scientist might argue that the work is done and lean backward contented. All possible value has been created. But with a valorization plan, we can create an over-value. We can not only satisfy our primary stakeholders, but also create a value to businesses being professionally active in our field.
Anyway, this whole story served no other purpose than to inform you all that we proudly present one of our valorization products. The FLEET project, a multidisciplinary research on Flemish e-publishing trends, has resulted in am online interaction environment. On this site, specifically aimed at the Flemish media industry, academic researchers describe trends, provide practical tools, and give executive summaries of their studies. And moreover, together with several specialists from the industry, they blog about current issues.
Why are you still here? Take a look: www.fleetproject.be.