Colorado Puts Money Into Biosciences

Joining Wisconsin Governor Jim Doyle in announcing initiatives for biosciences and stem cell research, a Colorada Governor Bill Ritter gave a talk today on Colorado’s growing biotech and bioscience economic sector, representing over 400 bioscience companies in the state.

Gov. Ritter just signed a bill putting $26.5 million investment in the industry through the new Colorado Bioscience Discoveries Grant Program.  Gov. Ritter noted that private research is increasing and that venture capital funding is improving.

When asked about the outlook for bioscience research funding, Gov. Ritter said that the change in administration will most certainly bring a change in the mindset within the government.  He felt both candidates would support increased research and noted that Sen. Barack Obama has a belief in biotech as a 21st century economy. 

The Governor said that there will not only be additional research funding with a change in the administration but that he also foresees a different mindset at the FDA, which will lead to increased efficiencies in the drug approval process.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: