This month, the South Korean government approved the “2016 Government R&D Project Budget Allocation and Arrangement.” The government plans to spend $11.2 billion on R&D projects next year, a reduction of 2.3%. The budget bill applies to 373 projects run by 19 departments. Despite the overall drop in R&D funding, the budget for small and […]
Last month, India’s cabinet approved a bill launching the Bureau of Indian Standards to develop the country’s standards for export products. The national standards are intended to prevent current private standards, such as those imposed on food by some supermarket chains, which may be higher than global standards, from being applied. The commerce ministry will […]
The Japanese government will work with three biobanks to improve medical treatments for patients based on their genetic information. Beginning next year, the country’s budget will include funds for this initiative in genomic medicine. The Japan Agency for Medical Research and Development and the biobanks will standardize data formats of people’s genetic information. The biobanks […]
Scientists in Russia are concerned about how funding for scientific research will be distributed this year. According to Prime Minister Dmitry Medvedev, the government will support science with RUB 350 billion ($6.1 billion), the same amount as in 2014. Most of the funds will be awarded through a competitive process, with RUB 115 billion for […]
As part of its “Japan is Back” strategy for economic growth, the Japanese government plans to promote technological innovation by setting up a system of research universities to partner with start-up companies. The goal is to stimulate the generation of new companies from universities. The government also plans a system of graduate schools to collaborate […]
For fiscal 2015, the Turkish government’s preliminary R&D allocations totaled TRY 5,850 million ($2,140 million), rising 4.3%. Indirect R&D support (tax incentives, exemptions, reductions in wage taxes for R&D workers and social security contributions) were projected at TRY 1,491 million, up 9.6%. At 40%, R&D from General University Funds (GUF) for “general advancement of knowledge” […]
The 2013 market for prescription and over-the-counter drugs in Africa was $20.8 billion, more than quadrupling since 2003. One of the fastest-growing regions globally, the continent is expected to increase its GDP by 37% to $3.3 trillion between 2013 and 2020. Its pharmaceutical market is estimated to grow total $40–$60 billion by 2020, with a […]
Following the recall in India of Nestle’s Maggi noodles for higher-than-permitted levels of lead and MSG, the Food Safety and Standards Authority of India (FSSAI) has requested that states step up their monitoring of milk, packaged drinking water and edible oils. It has also asked food commissioners to increase testing of these products. The FSSAI […]
A recent survey of 40 senior executives in China, across the aerospace and defense, automotive, consumer products, engineering and industrial products, and metal industries, and conglomerates, found that most plan to increase R&D spending. While only 65% of the companies spent 4% or more of revenues on R&D in the past two years, 93% plan […]
The European Commission decided last month to reduce the €2.7 billion ($2.9 billion) in budget cuts to Horizon 2020 that were previously planned to €500 million. The budgets of the European Research Council, the Marie Sklodowska-Curie Actions and the “widening participation” program will be preserved. The EU Budget Commissioner, Kristalina Georgieva, indicated that budget cuts […]
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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.
