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The document discusses challenges faced by research funders. It describes how funders must decide which people, ideas, environments, and teams to fund. They also must determine if their initial funding decisions were correct and if further funding is warranted. Impact is defined as effects on the economy, society, or quality of life beyond academia. Funders face challenges in accurately measuring impact when they may only be able to count measurable outcomes rather than all important outcomes. Steps are being taken to develop better infrastructure for gathering evidence of impact and considering a wider range of research contributions and products beyond traditional authorship metrics.










