The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

Bailout Updates: Results May Vary

We’re beginning to see a round of adjustments in government budgets. 

On the one hand, some programs are facing further cuts as aspirational commitments meet fiscal reality.  For example, state legislators in Washington are proposing cuts of betwen 50 and 90 percent to spending on the state’s Life Sciences Discovery Fund over the next two years.  Similarly, the government in Ireland, which had funded a remarkable increase in innovative activity, announced an emergency budget that will reduce academic funding and salaries.

On the other hand, some early cutbacks are looking shortsighted and are being reconsidered or worked around.  For example, genomics funding that was originally cut (or not increased) in the Canadian budget has triggered an inflow of funds from other sources: $26 million from the Canada Foundation for Innovation, and provincial funds in Ontario and Quebec.  In the UK, where the focus has been on education funding, the Biotechnology and Biological Sciences Research Council is providing most of the £13.5M to launch and operate The Genome Analysis Centre (TCAG) that will use genomics to support food security and animal health research.

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