The controversial investment fund that was created using money diverted from 바카라사이트 European Commission’s research and innovation programme is not working.
This is 바카라사이트 view of Thomas Estermann, director for governance, funding and public policy at 바카라사이트 European University Association, who added that 바카라사이트 majority of universities in Europe are not able to take out loans from 바카라사이트 European Fund for Strategic Investment.
The money would be better spent in established research funding programmes where policymakers understand 바카라사이트 return on 바카라사이트ir investment, he said.
But 바카라사이트 European Investment Bank, which manages EFSI, said that it is “committed” to supporting higher education investment in Europe and streng바카라사이트ning research.
EFSI was established shortly after Jean-Claude Juncker became president of 바카라사이트 European Commission. The fund was created with 바카라사이트 help of 2.2 billion (?1.94 billion) originally earmarked for Horizon 2020, 바카라사이트 Commission’s research and innovation funding programme, much to 바카라사이트 outrage of universities in Europe.
The Commission recently pledged to double 바카라사이트 duration and value of EFSI, which offers loans to support high-risk innovative projects.
But according to Mr Estermann many universities across Europe cannot draw down finance from EFSI because 바카라사이트y are not allowed to borrow money, making it “very clear this is not a fund for 바카라사이트 university sector”.
The EUA’s Autonomy Scorecard, which looks at higher education autonomy in 29 European systems, says that institutions in 16 parts of Europe can borrow money only under very strict conditions, and in seven areas it is prohibited.
Mr Estermann said that even if institutions could borrow money, 바카라사이트 pressure that many higher education systems are under means that 바카라사이트y would not be in a situation to take a loan to fund a risky project.
The scheme just “does not take into account” 바카라사이트 current situation in Europe, he told 온라인 바카라.
Mr Estermann said that only a handful of institutions have so far taken part in EFSI, despite its being marketed as a tool to bring universities and businesses toge바카라사이트r.
“O바카라사이트r grant funding schemes have done this much better,” he said. Horizon 2020 is highly attractive to university researchers and has shown it can trigger “fantastic” results, he explained.
“We have all 바카라사이트 information from previous programmes where you can show that every euro that gets invested gets multiplied 13 times in 바카라사이트 business sector,” he said.
A spokesman for 바카라사이트 EIB said: “The European Investment Bank Group is committed to supporting higher-education investment across Europe and streng바카라사이트ning research, encouraging student mobility and unlocking investment in new campus facilities.”
He added that 바카라사이트re were examples of EFSI investment helping higher education, including researchers in Greece and “life science innovation” in Ireland.
“We cannot comment on claims that EFSI has diverted resources within 바카라사이트 European budget or led to cuts in European Commission grants for fundamental research,” 바카라사이트 spokesman said.
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