50-60% of the impact when fully operational will fall within the regional area – amounting to an output of 70 million per year and 1.5 billion over the 30 years of operation. It will mainly involve companies from the hospitality and catering services, cleaning services, retail and wholesale trade, security services, infrastructure maintenance services, technological systems and software, heating fuels and electricity sectors and their respective supply chains.
The presence of highly qualified personnel, with corresponding salary levels, will result in a spending capacity locally supported by contributions from all nations that will participate in the project. The remainder will involve non-local, national, and international suppliers, with an output of approximately 60 million a year and 1.2 billion over the 30 years of operation. This part of the impact will involve companies from the sectors and supply chains of technological machinery construction, software, hardware, and a part of their maintenance.
The activities that will take place in the framework of the ET project will certainly have repercussions in terms of technology transfer to suppliers of goods and services and along the related value chain. This is because the machinery, instruments, hardware, and software required for each experiment that will be conducted in the facility will need to be developed through constant interaction between researchers and suppliers, with a continuous transfer of skills and knowledge. Suppliers, subject to demands formulated according to the highest international standards, will therefore have the opportunity to produce goods and services that are necessarily very high in innovation, both in terms of process and content, given that these will often be components produced ad hoc for the needs of the ET scientific community. This learning-by-doing process results in a significant impact in many dimensions that positively affect the market value of the companies involved, including internationalisation, technological innovation, market knowledge, new product development and opening to new markets, opening new business units and research and development units. These are business impact dimensions that are highly significant for the sustainable and inclusive socioeconomic progress of a country.
In addition to the socioeconomic impact, there is an additional impact on society related to scientific production, innovation and technology transfer, growth of human capital, scientific attractiveness of the site, and, thus, dissemination of knowledge generated by the ET project.
When fully operational, the ET will attract a steady flow of young talent, PhD students, trainees, and researchers who, during their stay at the research facility, will acquire skills that will positively affect the continuation of their professional careers.
Moreover, meetings, conferences, events both among experts and the public, and initiatives to disseminate scientific culture, in which informal contact and the exchange of ideas is valuable, can take place near the Einstein Telescope site. This contributes to high-quality tourism with greater independence from seasonality.