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UK Tax Credits to encourage small businesses to invest more in research and development will increase by GBP 80 million a year.

Increased patent filings China, South Korea and the US drove growth in worldwide filing of patent applications to 1.76 million in 2006 a 4.9 percent increase over 2005.

For the first time in 30 years, there were no venture-backed IPOs in the US in the second quarter of 2008, sending shudders all the way to university technology transfer offices.