Biotech Updates

Biotechnology in the Coming Decade

May 18, 2007

The next decade will be seeing an upsurge in the number of people employed in biotechnology, and a more dynamic working environment. The outcome of a broad study by the Fraunhofer Institute for Systems and Innovation Research (Fraunhofer ISI), and the German Institute for Economic Research (DIW) Berlin stressed the importance and the role of biotechnology in German industry in the future. Germany must use the potential of this new technology in a more decisive manner and improve relevant framework conditions, so that its industry location is not left behind in dynamic international developments. This is especially true for industrial biotechnology, one of Germany’s strong points, and for plant biotechnology, which needs some catching up.

According to the study, almost half a million jobs can be secured or created in biotechnology by 2020. The greatest growth leap for biotechnology would be in the chemical industry, with employment figures rising by up to 200 percent, and shares expected to triple from the current 4-6 percent.

Read the complete article at http://www.europabio.org/articles/Jobpot_study%20Germany_EN_020507.doc.