While the future of UK science is still uncertain post-Brexit, British scientists have been assured that their EU research projects will still receive funding from the British government, as long as the projects were bid for before the UK officially exits the EU (the date of which has not been set). The UK receives billions […]
South Korea’s Ministry of Strategy and Finance has forecast that the global biotechnology sector will hit the $2.61 trillion mark by 2024. With the aim of placing South Korea as one of the seven leaders in biotech, the South Korean government plans to eliminate policies that impede the development of new technologies and businesses in […]
Early this month, the Communist Party and the State Council’s Central Committee issued recommendations to permit scientists and researchers to have more control over the allocation of research grants for R&D funding. From 2010 to 2014, China’s total expenditure on R&D grew from CNY 706.3 billion to CNY 1.3 trillion ($211 billion), making up a […]
Over the last 10-plus years, science in Africa has experienced a revival, with organizations in the international scientific community showing interest in the continent’s research output. Last month, the Howard Hughes Medical Institute (HHMI) partnered with Wellcome Trust to establish the interdisciplinary Africa Health Research Institute, based in South Africa. By integrating data from the […]
Last month, the Russian government announced that it plans to layoff approximately 10,000 researchers within the next three years, with the majority of cuts occurring at Russian Academy of Sciences (RAS) institutes. The layoffs represent 17% of RAS’s staff. Moreover, the Federal Agency for Scientific Organizations, created in 2013 to oversee RAS’s property and budget, […]
In The Guardian’s post-Brexit confidential survey of the elite Russell Group of 24 universities in England (though not all participated), many cases were found in which UK academic leaders were being asked to leave their positions in EU-funded research projects, as they are seen as a financial liability. In the UK, researchers receive £1 billion […]
In an unprecedented effort for a research funding agency, the European Research Council (ERC), is using part of its €1.7 billion ($1.9 billion) annual budget to evaluate its impact of the projects that it funds. In a pilot analysis of 199 completed projects, the Council evaluated the impact of science in four major categories: Scientific […]
With the help of a €180 million ($200 million) investment from the EU’s investment bank and an additional €60 million from the government, Greece will establish its first federally backed research agency. The Hellenic Foundation for Research and Innovation (HFRI) will help boost the country’s research output by funding basic research projects, distributing fellowship awards […]
The Turkish government has allocated TRY 7.461 million ($2.566 million) for R&D in 2016, a 20.9% increase. This budget pertains to government-funded R&D in the federal, business, private and higher education sectors, as well as to organizations established abroad. In 2015, R&D funding accounted for 0.32% of GDP and 1.08% of the government’s annual budget […]
Based on R&D data submitted by the 10 largest pharmaceutical companies in South Korea, in 2015, the average rate of pharmaceutical R&D expenditure was 10.46% of their revenues. Revenues for the 10 companies was KRW 7.5 trillion ($6 billion), with total R&D expenditure of KRW 774 billion ($672 million). Of the 10 companies, seven invested […]
Pay Invoice
Latest Blogs
-
New Report Details Higher Education Science R&D Spending
February 27, 2026 3:23 pm
-
Single Use Leads Bioreactor Market Growth
December 30, 2025 6:04 pm
Sitemap
Your Data and Privacy
About Us
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.
