How does NSF assess the impact of its funded research?

The correct approach that NSF uses to assess the impact of its funded research involves evaluating both societal and scientific benefits. This assessment framework is essential as it looks beyond just the immediate outputs of research, such as publications or financial returns, and considers the broader implications of the research on society, technology, policy, and scientific advancement.

Evaluating societal benefits allows NSF to understand how research can address important challenges and contribute to the public good, such as improving health outcomes, enhancing education, or addressing environmental issues. Simultaneously, assessing scientific benefits helps to identify advancements in knowledge, innovative methodologies, and the ways in which research contributes to the growth of various scientific fields.

This holistic approach emphasizes that the value of research is not just in the financial metrics or the number of published articles, but also in how it can lead to meaningful changes and improvements for communities and the scientific landscape. Such comprehensive assessment practices are vital for ensuring that NSF funds are allocated to projects that have the potential to make a significant impact.