The Wellcome Trust is reaching outside the UK to fund translational research and derisk projects for future investors.

After a late start, Spain’s entrepreneurial culture has taken root. It remains modest compared to other major European countries, but the credit crisis does not yet seem to have stifled innovation.

Graham Spittle, Vice President Software for UK, Ireland and South Africa with IBM, has been re-appointed as Chair of the UK Technology Strategy Board (TSB), for a further three years.

ETH Zurich is celebrating a record year for spin-offs, creating 23 companies in 2008. Six companies were established in computer science and six in communication technologies and services; four in bio-technology/pharmaceuticals; four in electrical and electronics engineering; two in medical devices, and one in micro- and nanotechnology.