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Saturday, November 13, 2004

Israeli Biotech Abides Amid Bombings?

By Sam Jaffe, "Israeli Biotech Abides Amid Bombings" (Vol. 17, p.40, 27 Jan 2003, The Scientist)
Excerpt: "...Thanks to a large pool of science workers and generous government support, Israel has a growing biotech industry... Israel's biotech revolution hinges on broad government financing for startups. A longstanding incubator program has spawned more than 700 companies in the last five years, and nearly one-fifth are biotech related. Each startup receives as much as $300,000 from the government for its first two years of operation, in addition to free office and lab space..."[FullText]
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