About ORCA The Open Research Community Accelerator (ORCA) is a non-profit focused on making science moreengaging, accessible, and actionable. ORCA prides itself on being a “doing shop” rather than a “talkingshop,” with an emphasis on tangible outcomes and meaningful impact. We have a unique ability to buildinclusive, big-tent coalitions that transcend boundaries—whether geographic, disciplinary, sectoral, orcareer-stage, creating spaces where diverse voices converge to drive innovation and action. We are proud to partner with a diverse range of organizations to advance our mission, including NSF,NASA, UNESCO, CERN, Science Europe, the Gordon & Betty Moore Foundation, the Robert WoodJohnson Foundation, Schmidt Sciences, the Chan Zuckerberg Initiative, the University of California’sHaas School of Business, Georgetown University’s Center for Security and Emerging Technology, theAcademic Data Science Alliance, and the Belmont Forum. More on ORCA programs and activities maybe found here. About this briefing This briefing constitutes the first stage of the “Fostering Innovation Network” (FIN) project by ORCA.FIN will explore practical ways to leverage the potential of open science, open source, and open datato fuel innovation, accelerate discovery, power AI breakthroughs, catalyze economic growth, and drivesocietal progress. In this context, the goal of this report is to brief readers on some of the most salient economic andsocietal benefits of open science practices and policies today. We aim to synthesize real worldevidence that makes a compelling case for open science as a driver of science, technology andinnovation. To make it easier for industry and funders to see themselves in this work, we providespecific callouts within each section highlighting key takeaways. This work was made possible through generous support from Schmidt Sciences.