The value of research: Using the Impact Tool to evaluate realised and anticipated benefits of the Cooperative Research Centre for Beef Genetic Technologies

Abstract

The Cooperative Research Centre (CRC) for Beef Genetic Technologies operated for its third successive 7-year term from July 2005 to June 2012. It developed new genetic and genomic technologies and non-genetic 'products' (practices, processes, tools and technologies) to improve profitability, productivity, animal welfare and responsible resource use of Australian beef businesses. In this paper we assess how well the third-term Beef CRC met its objectives, at the end of its funding period, using the Impact Tool software package developed by the CRC Program of the Commonwealth Government. The Impact Tool generates two commonly used measures of return on investment: the net present value (NPV) a..