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More than 2,000 UK technology companies have bid for grants to fund proof of concept projects, in a competition organised by the Technology Strategy Board.

Environment Commissioner-designate Janez Potočnik has emphasised the need for a “holistic approach” and for environmental concerns to reach across many EU policies.

Completing the ERA, simplifying Framework, the European Innovation Act and delivering the European Patent among the pledges made to MEPs.

The US healthcare investor Paul Capital Healthcare is putting $100 million into a new European company set up to fund and manage clinical trials.

Persistence, skill, and salesmanship are needed for academic entrepreneurs to succeed in this climate, say experts.