In a survey of 400 respondents examining corporate R&D spending in 10 Central European countries (Croatia, Czech Republic, Estonia, Hungary, Lithuania, Latvia, Poland, Romania, Slovakia, Slovenia), 45% of companies plan to increase R&D spending in the next 1–2 years, and 57% plan to increase it in the next 3–5 years. Respondents in Slovakia, Croatia and […]
Globally, IPOs in the biotechnology industry have slowed in the first quarter; however, biotech venture capital (VC) in the UK has remained strong since 2015, accounting for 27%, or £178 million ($201.8 million), of the EU’s total biotech VC financing. In 2015, £489 million was raised in VC, a 51.4% increase. The 2015 trend of […]
French President François Hollande has announced the cancellation of over half of the government’s proposed budget cuts to scientific research. Originally, the government was planning to make reductions totaling €256 million ($200 million) in the research and higher education sectors. In May, many leaders in the scientific community protested that the budget cuts would adversely […]
Last month, the UK announced the formation of the United Kingdom Research and Innovation (UKRI) funding organization. The body is made up of the country’s seven Research Councils, Innovate UK and the Higher Education Funding Council for England (HEFCE), and will work autonomously from the government in allocating funding for research and innovation. UKRI is […]
Analytical instrument and lab product company executives’ expectations have diminished since last fall, according to the latest IBO Business Climate Survey. This is not a surprise considering updated macroeconomic forecasts. In April, the International Monetary Fund revised its January projections for global growth downward two-tenths of a percentage point to 3.2%. This followed a February […]
Last week, state and federal science ministers of research, education and finance at the Joint Science Conference announced that Germany has indefinitely extended the Excellence Initiative, the country’s program to accelerate research at German universities. Research and Education Minister Johanna Wanka stated that top German universities are to receive annual bonuses of at least €10 […]
In a report released earlier this month, Statistics Sweden forecasts that the Swedish government plans to increase R&D funding by SEK 747 million ($92.1 million) to SEK 34.4 billion ($4.2 billion) for 2016, which is 3.7% of this year’s federal budget. This is a slight decrease from 2015, when R&D funding made up 3.8% of […]
According to Chemical and Engineering News’s (C&EN) latest annual capital and R&D spending survey, 18 US and European chemical companies stated that 2015 R&D levels were virtually the same as 2014. Total R&D spending made up 3.4% of companies’ revenues, while R&D spending for all surveyed firms increased 0.3% from $9.88 billion to $9.91 billion. […]
Currency fluctuations and economic turbulence not only produced a shift among IBO’s 2015 list of the top 30 analytical and life science instrument, aftermarket and lab product companies, but also yielded a calendar year sales decline when translated into US dollars. Total sales for the top 30 companies (see page 6) as reported in US […]
The UK’s GDP expenditure on R&D for 2014 was £30.6 billion ($23.0 billion), a 4.4% increase from 2013 and a 4.1% annual average increase since 1990. The business sector had the highest R&D output in 2014, responsible for £19.9 billion, or 65%, of total R&D expenditure in the UK, a 5.9% increase. Business received R&D […]
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
