New Biology Economy

New Biology Economy tracks news of the emerging molecular biology tools marketplace, which is building on foundational biotechnical advances to create new insights into complex biological systems. This blog begins with the understanding that traditional business methods must change to enable innovation to create wealth and eventually benefit patients. This will require cooperation, new ways of protecting intellectual property, and will spawn new types of business organizations.

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Monday, March 27, 2006

India and University of California to Cooperate on Research

India today signed an memorandum of understanding with the University of California to facilitate research activities. India and the University of California committed to spend some $10 million annually in joint research in areas including biomedicine, molecular biology, drug design, nanotechnology as well as other high tech areas, according to news reports.

The agreement was signed by V. S. Ramamurthy of India's Department of Science and Technology and by Gretchen Kalonji, director of international strategy development at the University of California System, according to a news report.

Kalonji, formerly professor of Materials Science and Engineering at the University of Washington, was named to her post with the University of California in 2005 with the mission of "creating the first coordinated and comprehensive international strategy in UC history," according to a university website.

[New Biology Economy returns to its usual publication schedule after a short hiatus required by pressing workload in launching Nassau News, a pioneering multimedia community journalism project at the School of Communications at Hofstra University. To learn more, go to http://nassaunews.org]

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