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Science capital requires cash.
This week's budget was, as usual, sprinkled with announcements about science capital spending.
Science capital spending The Autumn Statement gave more details of how the projected £1.1 billion annual capital budget for science for 2015-16 to 2020-21 might be spent, informed by the recent science capital consultation.
The extra cash means the government has now added £1.5bn to the science capital budget since 2010.
The best "science capital" by far is to witness a close family member succeed in a scientific career.
If ministers want to tackle persistent and growing regional disparities in research activity in England, the UK-wide science capital budget is the wrong tool.
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These include the creation of a science venture capital fund with 10percentt of the science budget, run by scientists who have succeeded in high-risk, high-payoff research and venture capitalists who know how to recognize, support and evaluate ambitious but risky proposals.
There are, however, several life science venture capital funds set up by local corporations, including banks and industrial corporations.
Crucial data about science, invention, capital, talent, supply, channels and prices can't possibly travel up the pipe to a central planner and back down fast enough.
Most notably, participating shares are standard-issue in life science venture capital deals, a topic discussed at length by Atlas Venture partner Bruce Booth in 2011.
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