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Investing in innovation during a tight economy could provide a leg up for funders and start-ups once the turnaround comes, a Science|Business conference heard.

In a time of uncertainty, venture capitalists are shifting from biotech to the lower-risk, lower-reward field of MedTech.

A study commissioned by three of the UK’s leading scientific institutions has demonstrated substantial financial and social benefits from investment in medical research.

Academic entrepreneurs from across Europe were named last night as the winners of the inaugural Academic Enterprise Awards 2008, at a ceremony in Stockholm, Sweden.

Select companies can still find funding from venture capitalists and the public market; others are using the depressed economy to cut costs.

IBM is to set up a computing research “collaboratory” in Dublin, creating 40 jobs at IBM and local universities, supported by the Irish government through IDA Ireland.