The EU is continuing its focus on maintaining its position as a top ranking R&D region. According to Eurostat, the UK, Germany and France were responsible for approximately 60% of total R&D expenditure in the EU in 2006. For that year, 1.84% of the EU’s GDP, €212 billion ($265 billion), was spent on R&D. The […]
The new National Authority for Scientific Research (NASR) will receive AED 100 million ($27 million) per year from the UAE government. Part of the Ministry and Higher Education and Scientific Research, the NASR was started in order for the UAE to be recognized by the international scientific community and to promote scientific research through cooperation […]
Uganda’s parliament is set to review the country’s first National Biotechnology and Biosafety Policy, which was passed by the nation’s cabinet on April 2. Along with granting commercialization rights to GM crops, if passed, the law could regulate medical diagnostics, industrial microbiology and biochemical engineering. However, the approval for research of GM crops has been […]
R&D spending may be on the rise in Turkey due to a new measure that lets companies deduct all of their R&D spending from their tax base until 2024, an increase from the previously allowed 40% tax deduction. The law was passed to stimulate exports of technological products and to attract multinational R&D. To be […]
Set to launch at the end of this year, a Chinese research program on genetically modified (GM) crops could receive $1.4 billion dollars from the government over the next five years. According to the International Service for the Acquisition of Agri-biotech Applications (ISAAA), 114.3 million hectares of GM crops were planted worldwide in 2007, an […]
Company Announcements Electronic Sensor Technology entered into a distribution agreement with Brechbuhler AG for Switzlerland, France, Italy and Austria in December 2007. In February, Electronic Sensor Technology announced a recapitalization agreement with Halfmoon Bay Enterprises, which will provide $5.5 million in exchange for 39%–44% ownership of its common stock, depending upon the stock’s closing price […]
In 2007, Egypt imported $40 million of biotechnology laboratory equipment, and the market is expected grow 10% per year. The government’s five-year plan for 2007–2012 will spend $800 million to upgrade equipment in scientific research centers. In addition, the plan sets aside $5.3 billion for agriculture, including the development of biotech-based crops, and $5.1 billion […]
Two new reports released by Sense About Science and the Association of Clinical Biology, and the Royal College of Pathologists and the PHG Foundation address the need for government oversight of diagnostic testing kits and the potential for misdiagnoses. The reports on the heels of a Science Council report released at the end of January […]
India continues to make significant investments in science and technology as evidenced by the government’s 2008–2009 budget proposal. The budget supports a 20.5% increase in funding for the Ministry of Science and Technology INR 3630.00 crore ($881.1 million = INR 41.20 = $1). The Ministry is one of the country’s primary funding mechanism for R&D. […]
A South Korean effort to increase R&D spending to 5% of GDP, in contrast with last year’s R&D spending of 3.49% of GDP, will mean an overhaul of the national capabilities in basic sciences. For 2008, South Korea plans to spend $10.6 billion on science and technology development, 25% of which will go to basic […]
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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.
