Premier Li Keqiang has announced China’s 2014 science and technology budget, which will increase 8.9% to CNY 267.4 billion ($43.6 billion). Basic research funds will rise by 12.5% to $6.6 billion. Sixteen megaprojects, mostly in engineering and applied research, will receive $8.1 billion. Two of these projects, drug discovery and infectious disease research, have a […]
Japan’s proposed Science, Technology and Innovation (STI) budget for 2014 will increase 1.1% to ¥3,626 billion ($36.3 billion). The budget will become final in March after approval by the Diet, which is unlikely to change it appreciably. The Ministry of Education, Culture, Sports, Science and Technology will receive 63.8% of the funds, a decrease of […]
With the passing of the 2013 deadline for the second phase of the EU’s REACH policy (see IBO 12/15/06), the framework is now in place for regulating chemicals produced at 100–1,000 tons per year. A 2010 deadline applied to substances of very high concern (SVHC) and chemicals produced at levels above 1,000 tons per year. […]
The Chinese National Bureau of Statistics released its Statistical Communiqué of 2013 National Economic and Social Development. R&D spending comprised 2.09% of GDP, rising 15.6% to CNY 1,190.6 billion ($194 billion). CNY 56.9 billion or 4.8% of that amount, was for fundamental research programs. The National Key Technology Research and Development Program and High-tech Research […]
Because the European Commission no longer classifies Switzerland as an associated country to Horizon 2020, Swiss science funding applications in 2014 will not receive equal consideration to those of EU states. Switzerland will not qualify for European Research Council funds, and its participation in research consortia will not contribute to meeting Horizon 2020 eligibility criteria. […]
India announced its 2015 interim budget, effective until the full budget is presented after May elections. Budgets of all three Ministry of Science and Technology departments will grow. The Department of Science and Technology will receive INR 3,419.00 crore ($553.4 million), rising 31.2%. Of that, INR 794.00 crore will be for Autonomous Institutions & Professional […]
For instrument and laboratory product companies, China has become the fastest growing market among major world economies. This is not surprising considering the country’s economic ascension and growing R&D spending. In 2013, analytical instrument sales (comprised of the product categories listed in the January 15 issue of IBO, including aftermarket products and service) to China […]
English research spending will remain stable in 2015 and 2016; however, universities will face cuts. According to the Department for Business, Innovation and Skills’ (BIS) February grant letter to the Higher Education Funding Council for England, university funding will decline from £4.1 billion ($6.8 billion) in 2015 to £4.0 billion in 2016. Core funding for […]
Over the next five years, Saudi Arabia is planning to have 100,000 genomes sequenced to gain a better understanding of the diseases of genetic origin or influence among the kingdom’s population. Approximately 8% of Saudi children are born with acute genetic disorders, and over 30% of adults have type 2 diabetes (T2D). The proportion of […]
As part of the Canadian Economic Action Plan 2014, the Canada First Research Excellent Fund will be created to advance science research. Over the next 10 years, the program will provide CAN 1.5 billion ($1.36 billion) to higher education institutions. Funding will be CAN 50 million in 2016, increasing in increments of CAN 50 million […]
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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.
