Difference between revisions of "Increasing Willingness and/or Ability of Governments to Sponsor Biotech Research."

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Many governments are willing to support and sponsor fundamental research in biotech by massive funds, many have declared biotech a core issue in their economic strategy and many are trying to attract biotech companies to move production sites and research activities to the territory of their countries. A biotech company is almost always welcome. <br>


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==Enablers:==
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• Biotech has been declared a core topic of the economic policy of many governments<br>
• Governments perceive biotech industry as one possible panacea to solve economic problems and to trigger economic growth<br>
• Lack of private venture capital in certain countries triggering calls for government sponsorship<br>
• Worldwide diseases<br>
• Desire to increase Standard of living by both, creation of high qualification jobs and availability of state of the art medicine<br>
• Few other alternatives for Research Sponsorship<br>


==Inhibitors:==
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• Budgetary limitations<br>
• Exploding healthcare costs<br>
• Priorities other than biotech<br>
• Other promising opportunities for investment and sponsorship


==Paradigms:==
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• Perception of biotechnology as a core topic for the competitiveness of a nation


==Experts:==
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• Ernst & Young, biotech Report


==Timing:==
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• 2000 – 2005 Biotech strategies by several countries
• 2001: Healthcare Spending by US Goverment passes 20% of governmental budget
• 2001: Lisbon Agenda; Strategic vision of EU for Biotech in Europe
• 11/2002: First People suffering from SARS identified in Province of Guangdong, China
• 2005: 124 cases of bird flu reported, 63 persons death since 2003; 150 million animals killed for reasons of precaution
 
 
==Web Resources:==
• WHO

Latest revision as of 02:55, 2 June 2010

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