System dynamics model of research, innovation and education system for efficient use of bio-resources

Until now, most of system dynamics models have been developed separately for education and innovation issues, moreover innovation subjects have been discussed on the level of individual companies. In this study, the system dynamics model has been built up by combining science, innovation and education elements, and assessment of different funding scenarios has been carried out. The results show that, under assumptions made, the scenario with the highest share of funding for research infrastructure, as well as research and development projects, could be more efficient in terms of potential to generate high value added products than the scenario with the highest share of funding allocated to education.