The sector’s success depends on its ability to fund and carry out the research needed to develop new products; this could be rendered more effective by boosting cooperation within the sector right across Europe. This would promote the exchange of information and ideas and reduce a possible duplication of research effort.
One major problem in Europe is that there is currently little coordination between the national agencies responsible for funding research, and this is where the EUROTRANS-BIO ERA-NET Action comes in. ERANET Actions are designed to help national funding agencies coordinate their activities.
Under the EUROTRANS-BIO banner, nine European regions and countries (Austria, the Belgian region of Flanders, Finland, France, Germany, Italy, the Netherlands, the Spanish Basque Country and Spain as a whole) joined forces to promote transnational biotechnology research cooperation, particularly among SMEs. Between them, the project partners cover some 55 to 60 per cent of the EU’s biotech industry.READ MORE