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Article: Report from Europe.
- Article from:
- Medical Device Daily
- Article date:
- February 10, 2004
CopyrightCOPYRIGHT 2004 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Report from Europe
North Sea oil tax is eyed as source for research funding
A Medical Device Daily Staff Report
The Danish government is proposing the establishment of a DKK16 billion ($2.7 billion) foundation that would fund basic and applied research in biotechnology, nanotechnology and information technology.
Funding for the initiative would come from taxes on North Sea oil revenues, which would reach the DKK16 billion target by around 2010. The proposed foundation would allocate the interest derived from its capital holdings approximately DKK800 million based on current rates to the countrys leading researchers and companies.
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