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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.

Science is about to get back into Washington’s good books – and not before time, says Science|Business’s Nuala Moran.

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.

ACES winner Kee Square was spun out of the Politecnico di Milano with commercial ambitions for software that can help security services find their suspect.

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.

The Norwegian Government is weighing a Euro 300M rescue package for the biotech industry as part of a national financial rescue package it is due to announce by the end of January.

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.

The former Yugoslav Republic of Macedonia has ratified the European Patent Convention and, on 1 January, became a member of the European Patent Organisation (EPO).