France

Crocus Technology, a spin out from France’s Atomic Energy Commission, has secured $300 million to build a semiconductor foundry in Russia, with $245 million coming from the state-owned nanotechnology investment fund Rusnano

Sanofi secures investment for the construction of new labs to promote development of its former Romainville site as a science park

A total of 52 new research labs and research programmes have been selected to share an investment of Euros 340 million, in the first step of a public research funding bonanza that will pour in Euro 22 billion raised on the bond markets to create an elite cadre of universities in France

Google and France's public research body CNRS are teaming up to conduct joint research in computer science, in a move that is hoped to develop into a long-term cooperation.

Governments worldwide spent fortunes on R&D and innovation as part of economic stimulus packages. What will happen in 2011, now austerity is à la mode and the taps are turning off?