Two looks at bio-innovations in Canada that show the both the promise and peril of government involvement.
First the good news, which is around my favorite topic, environmental technologies. Here, the new government in Canada will be announcing a bio-fuel strategy that will mandate that all gasoline sold by 2010 must contain 5 percent ethanol. That doesn’t sound like a lot to me, but it is a step. Would be one way to make the poorer Prairie provinces more of an economic force.
But while biofuels are powering ahead, biotechnology is getting sicker in Canada. Seems like the lack of investment is the culprit but I don’t know enough about the industry to understand what this particularly hurts biotech verses other innovation-driven industries.
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