Difference between revisions of "Increasing Willingness and/or Ability of Governments to Sponsor Biotech Research."
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==Inhibitors:== | ==Inhibitors:== | ||
• Budgetary limitations | • Budgetary limitations<br> | ||
• Exploding healthcare costs | • Exploding healthcare costs<br> | ||
• Priorities other than biotech | • Priorities other than biotech<br> | ||
• Other promising opportunities for investment and sponsorship | • Other promising opportunities for investment and sponsorship | ||
Revision as of 13:09, 2 December 2005
Description:
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.
Enablers:
• Biotech has been declared a core topic of the economic policy of many governments
• Governments perceive biotech industry as one possible panacea to solve economic problems and to trigger economic growth
• Lack of private venture capital in certain countries triggering calls for government sponsorship
• Worldwide diseases
• Desire to increase Standard of living by both, creation of high qualification jobs and availability of state of the art medicine
• Few other alternatives for Research Sponsorship
Inhibitors:
• Budgetary limitations
• Exploding healthcare costs
• Priorities other than biotech
• Other promising opportunities for investment and sponsorship
Paradigms:
• Perception of biotechnology as a core topic for the competitiveness of a nation
Experts:
• Ernst & Young, biotech Report
Timing:
• 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