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The future of early-stage bioscience firms in the UK is in doubt and funding for start-ups has virtually ceased, says a report commissioned by the UK government.

DFG Science TV, the online television channel provided by the German Research Foundation, is to be continued following its successful launch last year.

For the first time in a decade, total R&D funding in the US is forecast to drop, but the decline is expected to prompt more international collaborations and research with dual benefits.

The latest Innovation Scoreboard shows Europe is far short of its 2010 target of boosting R&D spending to 3 per cent of GDP.

As if underlining the judges’ decision, Karolinska Development, founded by Hans Wigzell, has shone light in the financial gloom, closing a big funding round.