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Canadian Spending on Biotech Rises
OTTAWA - Mar 9/06 - SNS -- Canada's federal government spent CDN $791 million on biotechnology in 2004-05, up 6.3% from $744 million the previous fiscal year, reports Statistics Canada.
Spending on biotechnology represented 9% of all federal spending on science and technology in 2004-05. The majority (96%) of biotechnology spending was devoted to research and development.
Two-thirds (67%) of biotechnology science and technology activities were performed outside the federal government. The largest recipient was still the higher education sector, which received $403 million, or just over half of the total.
There were 1,656 full-time equivalent person-years devoted to biotechnology science and technology activities in the federal government, down from 1,727 during 2003-04.
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