Monday, December 8, 1997
OXFORD - Anyone who has looked at the development of the global
biotech industry cannot be unimpressed by the efforts now being made by some
continental European governments, particularly in Germany, to stimulate the
development of home grown bioscience companies. Huge sums of financial support
from national and local governments are being made available, venture capitalists
are being enticed with soft loans, while politicians of every hue seem to be
courting biotech executives. Even top class academics are prepared to venture
out of their ivory towers and embrace commerce.
However, this is clearly not going to be enough. While there
is no shortage of top quality science in Europe, there is a shortage of true
entrepreneurs who are prepared to create and build new businesses.