Perimeter Institute earns top marks for relevance, performance, and efficiency
To ensure transparency and accountability, Perimeter Institute regularly takes part in third-party evaluations that measure performance, scientific impact, and value for its public and private partners.
“PI has contributed to major scientific breakthroughs in theoretical physics and continues to advance the field. Further, its research in quantum theory is leading to applications in artificial intelligence and supporting start-up companies in quantum computing, with an increasing number of PI researchers applying their knowledge in the private sector,” reports Canada’s Ministry of Innovation, Science, and Economic Development (ISED) in its recent multi-year evaluation of the Institute.
“We are very pleased this extensive review determined that all aspects of Perimeter operations are delivering impact and value at the highest levels of international competitiveness,” said Perimeter Director Rob Myers.
“Our pathbreaking work in quantum science is just one example of the fundamental research that positions our province and country strongly in the global race for new knowledge, transformative technologies, and high skills talent. I am especially gratified that our training and outreach were so highly regarded: We attract outstanding young talents, deliver unique opportunities, and help them become exceptional critical thinkers who can apply their talents to careers of today and tomorrow.”
ISED’s Audit and Evaluation Branch analyzed Perimeter’s operations and financial model for relevance, performance, and efficiency. The extensive assessment used case studies, comparative analysis, data analysis, document reviews, interviews, and surveys covering the period from 2016/17 to 2019/20 and found:
- “PI is unique in Canada, and internationally, in its size and independent nature as a not-for-profit institute unaffiliated with a university, as well as in its breadth of research, particularly in its quantum areas.”
- “The public-private partnership approach also provides PI with the flexibility to pursue unique research opportunities quickly and efficiently to position Canada at the forefront of research advancements and breakthroughs. Interviews could not identify an alternative approach that is more effective than the public-private funding model, which is a synergy between government, industry, and philanthropy. In particular, interviews found that the combination of public and private financial support provides private donors with assurance of strong stewardship and oversight; ensures alignment of activities with the broader public interest; and enhances the overall impact of the public sector’s investment.”
ISED recently posted its full assessment, which includes companion information about the Institute for Quantum Computing, another key component of the Quantum Valley ecosystem. Earlier this year, two other studies by Clarivate Analytics and Perimeter’s Scientific Advisory Committee also provided top marks for Perimeter Institute’s competitiveness and impact. Read more about those studies here.
Perimeter Institute is the world’s largest research hub devoted to theoretical physics. The independent Institute was founded in 1999 to foster breakthroughs in the fundamental understanding of our universe, from the smallest particles to the entire cosmos. Research at Perimeter is motivated by the understanding that fundamental science advances human knowledge and catalyzes innovation, and that today’s theoretical physics is tomorrow’s technology. Located in the Region of Waterloo, the not-for-profit Institute is a unique public-private endeavour, including the Governments of Ontario and Canada, that enables cutting-edge research, trains the next generation of scientific pioneers, and shares the power of physics through award-winning educational outreach and public engagement.