UK to ensure academic research bears fruit:
This article was originally published in Clinica
The UK government is aiming to promote research in legislation to be introduced in its 2005 Finance Bill. It is to introduce measures that will allow academics to reap greater financial benefits from being involved in the setting up of companies that exploit the commercial application of a scientific discovery. These greater benefits, which will include better rates of tax on the sale of their shares in the companies, should encourage more inventors to seek investment to further develop their ideas.