Department of Trade and IndustryThursday, 5th August, 1999
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Funding Boost For Biotechnology Innovation
The Biotechnology Exploitation Platform Challenge (BEP Challenge)
encourages more effective collaboration between academic institutes
to make the best use of the knowledge generated by their research in
the biosciences. The new programme builds on a successful £ 2.34M
pilot initiative which concluded in 1998.
Announcing the new funding, Minister for Science, Lord Sainsbury said:
"Biotechnology has a key contribution to make to improve our quality
of life - in healthcare and medicine, agriculture, food and the environment
- and as a source of work and wealth. Dedicated bioscience companies
in the UK are already estimated to employ over 35,000 and to be investing
some £ 320 million each year in R&D. Bioscience research in the
UK is already leading to
"I want to ensure that we continue to turn this exciting science into
successful products and processes, and more dynamic companies.
The UK has a world-class science base in the biological sciences which
is the envy of our competitors, and which is the basis of a vigorous
and innovative biotechnology industry."
"The pilot BEP initiative brought together 8 partnerships, involving
some 30 academic and charity research groups. These have made a significant
improvement to the management of their intellectual property and to
securing the benefits of bioscience research for the UK. This substantial
further investment by the Government in the BEP Challenge will enable
the rest of the bioscience base to build the same kind of partnerships
and help them to market their intellectual property more effectively;
ensuring that the UK gets the most from our public investment in life
sciences."
Grants of up to £ 250,000 are available to enable the BEP partnerships
to secure the necessary skills to audit, manage and match their intellectual
property portfolios with potential industrial markets.
Lord Sainsbury also announced a further call for proposals under the
Biotechnology Mentoring and Incubator (BMI) Challenge which aims to
stimulate the provision of management and business skills as well as
the development of specialist premises - incubator units providing laboratory
and office space - to help young biotechnology companies start up and
grow. (Click here to see "Biotechnology
Clusters", a report by the DTI.)
He said:
"The UK has a vigorous and innovative biotechnology industry, and
is the leader in Europe in the commercial development of biotechnology.
I want to ensure that we maintain this leading position. We have made
an excellent start in improving the provision of mentoring services
and incubator facilities but more needs to be done if we are to keep
the UK at the forefront of developments in this exciting new technology.
I am now calling on others to come forward and take up the challenge
to nurture the creation and growth of new entrepreneurial biotechnology
companies. I am particularly keen to see the development of additional
incubator units, which will provide young biotechnology companies with
the facilities and resources they need to get established."
Notes to editors
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