Category: Business conditions
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NSF: Companies Investing in R&D Made More Innovations
Preliminary data from the National Science Foundation’s 2008 Business R&D and Innovation Survey (BRDIS) show large differences in making innovations when companies in the U.S. with R&D activity are compared to those without any R&D activity. These data are based on respondents to the survey and represent an estimated 1.5 million for-profit companies, publicly or…
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R&D Spending Creates 11,000+ Jobs in Indiana Since 1999
An analysis of Indiana’s 21st Century Research and Technology Fund estimates the fund created more than 11,000 jobs since it began in 1999, sparking $427 million in economic activity in the state. Ball State University’s Center for Business and Economic Research in Muncie, Indiana conducted the study. The Indiana General Assembly created the fund in…
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Global Semiconductor Sales Rise in August
The Semiconductor Industry Association (SIA) reports today that worldwide semiconductor sales in August 2010 rose 1.8 percent to $25.7 billion, from $25.2 billion in July. Sales rose in all regions, with chip sales in Japan registering the largest increase of 4.1 percent followed by the sales in the Americas that rose 2 percent. Compared to…
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Study: Wisconsin Benefits from Bioscience Industry
A study by Bioforward, an association of biotechnology companies in Wisconsin, shows a growing bioscience industry with high-paying jobs over the past few years, in contrast to other industries in the state. The analysis covers the period of 2004 through 2009. The bioscience industry, as defined by Bioforward, includes employers in four industry sub-sectors: agricultural…
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Korea Boosts R&D Budget, Targets Economic Growth
The Korea Herald newspaper reports today that the Korean government plans to increase the budget for its Ministry of Knowledge Economy by 7 percent in 2011 to KRW 4.5 trillion (USD 3.9 billion), with most of the funds going to research and development that benefits sustainable economic growth. The plans released today show substantial increases…
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Sanofi Aventis to Close Pennsylvania R&D Center
The Pottstown Mercury reports today that pharmaceutical company Sanofi Aventis, based in France, will close its Great Valley, Pennsylvania research and development site by July 2011. The Mercury says Sanofi Aventis will keep clinical supply and related support activities at the Great Valley site. Elizabeth Baxter, a spokesperson for Sanofi Aventis, told the Mercury that…
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Michigan Lithium Ion Battery Plant to Open Today
A123 Systems, a developer and manufacturer of battery systems, is opening today in Livonia, Michigan a new plant that the company says is the largest lithium ion automotive battery production facility in North America. The plant is expected to expand A123’s manufacturing capabilities by up to 600 megawatt hours per year when fully operational (1…
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Study IDs More Efficient Vaccine Supply Chain Processes
New research identifies potential processes for drug manufacturers and public health officials to reduce pediatric vaccine supply shortages and still maximize immunity from disease by children. Researchers at University of Illinois at Urbana-Champaign (UIUC) and Rochester Institute of Technology (RIT) in New York have developed a mathematical framework to better understand the implications of the…
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Innovation and Entrepreneurship Council to Hold First Meeting (Updated)
Xconomy is reporting that the National Advisory Council on Innovation and Entrepreneurship will hold its first meeting today in Washington, DC. The group, formed in July, will advise the executive branch on new policies “that foster entrepreneurship and identifying new ways to take great ideas from the lab to the marketplace to drive economic growth…
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Worldwide Semiconductor Sales Rise in July
The Semiconductor Industry Association (SIA) reports today that global sales of semiconductors grew in value to $25.2 billion in July, an increase of 1.2 percent from June when sales were $24.9 billion. This level also represents an increase of 37 percent over July 2009’s sales of $18.4 billion. SIA says that year to date chip…