bio

Iowas Bioscience Pathway for Development

The plan highlights Iowa’s core competencies and platforms for development of the biosciences industry. The plan emphasizes the need to encourage and facilitate the commercialization of bioscience research and development while fostering a business environment that supports the growth and sustainability of Iowas firms. Twenty action steps to be undertaken by various groups are outlined through four broad focus areas.

Towards a Canadian R&D Strategy for Bioproducts and Bioprocesses

The report recommends that the Canadian Government invest substantial financial resources to support bioproduct and bioprocess R&D, as the country lags behind in this area. Currently, Canada does not have a strategy for the development of bioproducts and bioprocesses, and R&D in this field is not a priority of funding agencies and government departments.

Impact of Biotech Grains on Market Structure and Societal Welfare

The authors quantify the economic impact of introducing genetically modified (GM) crops in the research paper from Iowa State University. Short-run results suggest that it might be optimal to maintain the identity of a greater proportion of non-GM grain than is currently demanded by non-GM consumers. Long-run results show that GM crops almost always benefit society, but one scenario is presented where overall welfare falls.