Since 2006, the Japanese government has steadily invested in neuroscience research. On an annual basis, the government provides ¥30 billion ($290 million) to brain science, or 7% of its budget for the life sciences. Efforts include the formation by the Ministry of Education, Culture, Sports, Science and Technology’s Council for Science of a Brain Science […]

In its fiscal budget released this month, the UK announced the creation of a $1.1 billion Strategic Investment Fund. The Fund is designed to support exports, R&D and investment in the UK. The Technology Strategy Board will receive $72 million from the Fund to invest in potential high-growth fields, such as life sciences and low […]

According to Alcimed, a research group based in France, as many as 20% of small biotechnology firms in Europe could go bankrupt this year. These firms need new funding within the next year and a half in order to survive. Alcimed estimates that the sector needs at least $2.6 billion in annual funding to maintain […]

The Japanese government plans to create a ¥270 billion ($2.7 billion) fund for research. Up to 30 research teams would receive ¥9 billion in funding over a three-to-five year period. Unlike other research grants, funds left over could be used during the following fiscal year and researchers will be given greater freedom in how they […]

In order to increase drug exports, Korean pharmaceutical companies are making investments to meet cGMP standards. The Korea Pharmaceutical Manufacturers Association estimates that the country’s 65 drug firms have invested KRW 1.9 trillion ($1.4 billion) over the past two years to upgrade their facilities. The country’s largest drug firm, Dong-A Pharmaceutical, intends to spend KRW […]