The European Commission said it will investigate whether a €96 million aid that France plans to grant Peugeot-Citroën and other partners for the development of a hybrid diesel car is compatible with EC Treaty state aid rules.
Director Leon Sandler talks about how MIT’s Deshpande Center is attracting a combination of entrepreneurs, venture capitalists and managers to jump start new ideas in science and technology.
Planning permission has been granted for the development of 70 acres of land next to Addenbrooke’s Hospital on the southern fringe of Cambridge to provide 2.3 million sq ft of biomedical research and development facilities.
Three new Enterprise Capital Funds have been set up as part of the UK government’s efforts to tackle the lack of financial backing available to start-up businesses.
The UK has strengthened its scientific ties with China with the official opening of the Research Councils UK office in Beijing, the first of its type outside Europe.
Specialist units set up by UK Revenue and Customs Departments to encourage SMEs to apply for R&D tax credits made cash payments totalling £150 million in the past year.
Iain Gray, former managing director of Airbus UK, has taken up his post as the first Chief Executive of the government-funded body set up to promote and invest in R&D for technology and innovation.
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