EuropaBio Position Paper on Biotech SMEs
October 16, 2009| |
Some 20% of Europe's biotech companies, most of which are small and medium-sized enterprises (SMEs), are hard hit by the financial crisis and may not be operational in 2010 if no immediate action is taken. About 78% of biotech SMEs are already struggling and cannot find the investment required to continue their research and development programs. These facts were raised in Time for Action: the Financial Crisis and Biotech SMEs released by EuropaBio, the European Association fo Bioindustries.
EuropaBio suggested the following recommendations to secure investments in biotech innovation:
- Make the European funding instruments more accessible to biotech SMEs
- European institutions should develop a short term investment vehicle to increase risk capital for Venture Capitalists
- Make maximum use of the European State Aid uding the crisis
- Develop measures and opportunities to capture the value of research within Europe
- Make the EU Framework Programme for Research more attractive for biotech SMEs
The full EuropaBio press release is at http://www.europabio.org/positions/white/Financial-crisis06.pdf
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