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

The prospect of a sub-$1,000 human genome sequence moved closer as Oxford Nanopore Technologies Ltd agreed a marketing deal with Illumina Inc for its low-cost sequencing technology.

Scotland’s flagship life sciences project, Edinburgh BioQuarter, has been awarded £12 million by the development agency Scottish Enterprise and Edinburgh University to set up a technology commercialisation fund.

The fur on the Celtic Tiger is getting extremely ruffled, but despite being the first country in the eurozone to go into recession, the Republic of Ireland continued to attract significant inward investment in 2008,

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

The European Commission’s Directorate-General for Education and Culture has issued a call for tenders for the design and testing of a global ranking system for universities.