Clusters are individuals - VDI/VDE-IT

2.6.1.6 Monitoring and evaluation system
The program is evaluated every 24 months.
The following indicators are used to monitor the performance
of the program:
Beneficiaries are monitored by regular written reports prepared
by the beneficiary, by regular meetings with the program
owner and regular independent evaluations.
INDICATORS
Output
• Number of new products and/or services
• Number of PhD projects beneficial to private sector/cluster initiative in the region
• Number of spin-offs
• Qualitative measures: measuring of the economic value of the above mentioned indicators
Results
• Number of cooperative/joint projects between companies
• Number of triple-helix projects
• Total number of companies actively participating in projects
• Average number of participating companies in supported projects
• Participating companies matching grant: private vs. public funding in per cent
• Total amount of international grants/funding received (competitive calls for example)
• Average budget of supported projects
Impact
• Number of jobs created linked to cluster initiatives
• Number of spin-offs/start-up companies
• Effect on unemployment rate
• Qualitative indicator: perception of benefits (participants, stakeholders)
2.6.1.7 Context of the program
Although the program is an important regional development
program of the Ministry of Industry, Energy and Tourism,
it is of rather medium relevance in the context of the
overall national policy setting.
According to program officials the coordination of the program
is neither weak nor strong. However, improvements in
terms of effectiveness and efficiency of the program might
be achieved through an improved coordination.
How important is the cluster program in relation to… 0 1 2 3 4
…the overall economic/industrial development strategy • • • X •
…other R&D/innovation programs • • • X •
0 = not important at all ==> 4 = very important
Table 32: Relevance of Vaxtarsamningur in the overall policy setting
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