« Algae BioFuels Targets Alabama for BioFuel Production | Main | Eaton to Begin Production of its Medium-Duty Hybrid Electric System »

Brazil to Invest US$4.78 Billion in Biotech; Focus on Renewable Energy, Agriculture and Pharmaceuticals

8 February 2007

Brazil will invest 10 billion reais (US $4.78 billion) over the next 10 years in biotechnology research focused on renewable energy, agriculture and rain forest pharmaceuticals. President Luiz Inacio Lula da Silva signed an order today creating the National Committee of Biotechnology to institute the policy.

Development Minister Luiz Furlan said that 60% of the funding would come from the government, including funds from the Brazilian Development Bank (BNDES), and 40% from the private sector.

February 8, 2007 in Brief | Permalink | Comments (0) | TrackBack (0)

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/t/trackback/22062/16006142

Listed below are links to weblogs that reference Brazil to Invest US$4.78 Billion in Biotech; Focus on Renewable Energy, Agriculture and Pharmaceuticals:

Comments

Post a comment
[Please keep comments on topic. Disagreement is fine, insults, abuse or wild diversions are not. Comments not meeting those standards will be deleted. Abuse of another commenter’s email address will result in the banning of the offender from this site. In an attempt to prevent the posting of insulting and abusive comments, this site maintains a list of prohibited words and phrases, which, unfortunately, grows with time. Including one of the prohibited words or phrases will flag the comment as "spam", and it will be blocked.]