In 2007, R&D spending by the EU27 totaled €229 billion ($314 billion), and was flat at 1.85% of GDP. Germany (€62 billion), France (€39 billion) and the United Kingdom (€37 billion) accounted for 60% of R&D expenditures. The highest R&D intensities (R&D as a percentage of GDP) were recorded by Sweden (3.60%), Finland (3.47%) and […]
R&D spending in Sweden by business rose an estimated 4.2% in 2008 to SEK 87,681 million ($12,498 million) in constant prices. Within the business sector, R&D investments by producers of goods accounted for 75% of spending compared to 25% for the service sector. R&D spending by the higher education sector (excluding ALF funds) also increased, […]
The Malaysian Organization of Pharmaceutical Industries (MOPI) forecasts the country’s pharmaceutical industry to grow 10% to MYR 9.3 billion ($1.1 billion) this year. Fueling the growth is demand related to the H1NI virus. The generic drug manufacturing industry makes up 35% of the domestic market and is estimated to grow 15% due to growth in […]
Israeli spending on civilian R&D rose 3.6% in constant prices last year to NIS 35.3 billion ($9.2 billion), or 4.9% of GDP. R&D expenditures by business grew 4.5% to make up 81% of the county’s total R&D spending. R&D spending by private nonprofit institutions increased 2.5% to represent 3% of the country’s R&D spending. General […]
Prime Minister Vladimir Putin has announced that Rusnano will invest RUB 40 billion ($1.25 billion) in nanotechnology projects this year, up from the RUM 28 billion in funding announced in May. This amount will represent half of the funding for the 50 projects the state-owned corporation is expected to approve this year. Observers note that […]
China’s stimulus plans are accelerating growth in the R&D and technology sectors. Cong Cao of the Levin Graduate Institute of International Relations and Commerce at the State University of New York estimates that CNY 1.4 billion ($205.2 million) of the stimulus plan’s science and technology funding will be used for the country’s Medium- and Long-term […]
India’s 2009–2010 budget, finalized on July 29, shows a continuing commitment to funding science and technology. The country’s Ministry of Science and Technology, which is in charge of much of the government’s R&D spending, received a 13.6% budget increase to INR 4125 crore ($843.6 million). In addition, infrastructure spending by the Ministry of Chemicals and […]
A new report from the Organization of Pharmaceutical Producers of India (OPPI) and Ernst & Young finds that India remains among the most attractive outsourcing locations for the biopharmaceutical industry. Excluding clinical trials, in 2010, the country is expected to account for 5.7% of the $66 billion pharmaceutical contract research and manufacturing marketing. In a […]
The European Commission has awarded €610 million ($858 million) in funding in response to the third call for the Seventh Framework Program for Research’s Heath Program. Of the 679 proposals submitted, 106 consortia projects were chosen. These projects were grouped into four categories: 10 projects for “biotechnology, generic tools and medical technologies for human health” […]
South Korea has announced plans to increase spending on embryonic stem cell research from KRW 40.2 billion ($32.4 billion) this year to KRW 120 billion by 2015. During the next two years, the country will subsidize the stem cell research of 20 research labs with KRW 500 million to KRW 1 billion in funding. Selected […]
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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.

