Under pressure to demonstrate economic returns on research spending, the UK’s research councils are going to make academics think commercial and to cosy up to industry.
The Lisbon strategy aim of making Europe the leading knowledge-based economy remains a far-off aspiration. Now the UK wants a fresh approach to the single market to move things forward.
In the lean years since the post-genomics bust, venture funding has been hard to come by for Europe’s biotech start-ups. Now they have polished up their business models, and valuations are low, attracting investors back in.
The Czech Republic has capped off a series of investments by US software companies with the news that Red Hat is to set up a development centre in Brno.
A shortage of later stage projects is forcing companies hunt further down the drug discovery ladder. Now the Wellcome Trust is injecting charitable money to fill the holes.
Matching consumer demand with R&D may seem like an obvious starting point for innovation. But it has proven a transient goal for many countries and companies.
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