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In the last two years the number of exists has fallen by 40 per cent and the total amount of VC funding is down 50 per cent, according to new research by NESTA.

GE is joining four US VCs in putting up $200M for open innovation in electricity generation, transmission and use, to deliver the environmental promise of smart electricity grids.

New research shows Europe needs harmonised rules and a different approach to funding to get the most from its investment in biobanks.

Large scientific projects with contributions from many governments could be run more like multinationals says Hervé Pero.

As research takes centre stage in economic strategy, the European Commission is making moves to turn its ideas on how to promote innovation into reality.