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2007-01-29 | permalink
Germany needs smarter investment to play catch up with US
Germany’s 2006 investment in biotech was expected to be less than 150 million euros. And a May report from the European Association for Bio-industries in Brussels says many of Europe"s 2,000 biotech companies need much more money if they’re going to be able to grow. But Strüven said it’s better for Germany to cut its losses in a field where it isn’t booming, and to move on. Just like it did, when it stopped trying to compete with Asia in digital and consumer electronics.
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News
2007-01-29 | permalink
Germany needs smarter investment to play catch up with US
Germany’s 2006 investment in biotech was expected to be less than 150 million euros. And a May report from the European Association for Bio-industries in Brussels says many of Europe"s 2,000 biotech companies need much more money if they’re going to be able to grow. But Strüven said it’s better for Germany to cut its losses in a field where it isn’t booming, and to move on. Just like it did, when it stopped trying to compete with Asia in digital and consumer electronics.
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