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IASP launches STP Performance Evaluator

Date:
26 July 2022
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The STP Performance Evaluator
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IASP is pleased to launch a brand-new STP Performance Evaluator for STPs to measure their performance and impact, available exclusively for IASP members.

STPs are complex organisations, and a tool to assess their impact is necessarily complex too. Developed in collaboration with David Rowe (Warwick Enterprise), the tool it is based on the philosophy that any STP is set in the context of a national or regional innovation ecosystem and its performance should be measured by how well it fits with other actors in the ecosystem.

The only one of its kind, this tool explores the added value an STP brings to its ecosystem, along with the economic impact it is generating or can expect to generate as it develops. The evaluator also uses an automated system to give both a quantitative and qualitative measure of performance alongside identifying areas for potential improvement. Where areas for potential improvement are identified, the tool recommends Inspiring Solutions from across the IASP community that can help.

Another unique feature of the tool is that its reports allow users to benchmark their performance against other comparable parks using aggregated values of output variables. In other words, the more IASP members that use the tool, the more valuable it will be!

The STP Performance Evaluator is made up of three reports: an Innovation Ecosystem Fit Report, an Added Value Report, and an Impact Report, with all offering different metrics on STP success. Uniquely, these reports offer aggregated values of output variables from STPs comparable to the user’s park, allowing IASP members to understand their STP’s strengths and areas for improvement in comparison to their peers.

This tool is different from the IASP Strategigram, which helps with profiling and understanding your STP’s specific strategic model. However the two are complementary, and have a common foundation of in-depth, expert knowledge of our industry, in order to help members acquire new knowledge and insights about different aspects of their STPs.

We warmly invite you to visit the Members Area of our website and explore the new STP Performance Evaluator!

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