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Britain Fosters Bioincubators
Business incubators help the UK lead the European biotechnology industry, but some experts caution against building too much too fast
The Scientist 2004, 18(11):54
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In the late 1990s, the UK Department of Trade and Industry began a program to boost highly skilled employment by financing biotechnology incubators. At the launch of the Biotechnology Mentoring and Incubator (BMI) Challenge, the United Kingdom could boast just two incubators, and as a part of the challenge the DTI awarded €4.9 million to 13 companies. The money went to incubators that provided lab space and equipment and also to organizations that provided just mentoring and management advice.
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