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Spain Biotech: An Engine for Economic Change
Discover how Spain is focusing on biotechnology to be an engine for
economic change through gradual internationalization, development and
technology transfer.
Regional governments are actively investing in public and private
biology research and promoting the creation of knowledge-based
companies. Spain’s human capital combined with aggressive investment in
biotech research and infrastructure has led to the creation of
bio-clusters.
Today, there are nearly 700 Spanish companies engaged in biotechnology,
with almost 50 percent growth in funding devoted to research. In fact,
spending on internal R & D in biotechnology has grown 46 percent and is
close to 300 million Euros.
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