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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.

Cancer Research UK (CRUK) launched a five-year plan which will see the charity spend around GBP 300 million a year on core areas of science in a bid to reduce cancer deaths, including greater investment in cancers where survival rates are poor.

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

The publicly funded Science Foundation Ireland is currently defining its new strategy for the 2009-2013 period and is seeking comments on its plans.

European Space Agency is to open a research facility at the Harwell Science and Innovation Campus in the UK, to focus on researching space robotics and climate change.