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Outline
Definition of terms Background
Controversies
Applications
Outline
Definition of terms Background
Controversies
Applications
Public Sector
The part of the economy concerned with providing basic government services.
The part of the economy where goods and services are provided by the government or local authorities.
The aim of public sector activity is to provide services that benefit the public as a whole.
Investment
The commitment of money or capital to purchase financial instruments or other assets in order to gain profitable returns in the form of:
(1) interest, (2) income, or (3) appreciation of the value of the instrument.
Outline
Definition of terms Background
Controversies
Applications
Background
Biotechnology, as it is now, can only prove to move forward.
The most recent estimates suggest that current research and development investments by both public and private sector in biotechnology, Including medical, agricultural and industrial, are of the order of US$ 12 billion annually where:
Background
Distribution of investments in biotech research and development
10%
Japan
Background
Distribution of investments by public and private sector
20%
80%
Background
Worldwide, companies invest perhaps as much as US$ 2.5 billion annually in plant biotech research and development.
Background
However, biotechnology investments in developing countries are estimated to be less than 5% of these total investments.
Outline
Definition of terms Background
Controversies
Applications
History
Most of the investments in biotechnology has been by the private sector. Why? Because the private sector which comprises of privately owned companies has the money to invest in biotech, which is somehow a very shaky ground to invest on.
Outline
Definition of terms Background
Controversies
Applications
Applications
Victoria, Australia
Victoria has made evident progress in developing a successful biotech industry and research hub with investment largely consistent with international benchmarks and criteria.
Applications
Outline
Definition of terms Background
Controversies
Applications
Controversies
The development of GM crops and other biotechnology applications is capital-intensive, requiring substantial long-term investment.
Controversies
Research costs are high, especially as the vast majority of new discoveries and cutting-edge products involve technological components that are owned by, and must be licensed from, private companies and a few major public research organisations.
Controversies
The public sector in a given country does not necessarily need to invest significant public funds into the development of products.
This may make it a competitor to potential private investors with the result of reducing the overall speed of adoption of transgenic crops.
Outline
Definition of terms Background
Controversies
Applications
Outline
Definition of terms Background
Controversies
Applications
Sources
Krattiger, Anatole. IP Strategy Today. Victorian Auditor-Generals Report. 2011. http://www.investorwords.com/3947/public_se ctor.html http://www.bized.co.uk/educators/level2/busac tivity/activity/intro15.htm