UK life sciences sector to grab a slice of £200m investment fund

The UK’s life sciences sector has been given a boost on news that it will be dished up a slice of a £200 million cash pie taken from the UK Innovation Investment Fund (UKIIF).

The government announced this week that the European Investment Fund has been picked to manage the £200-million UK Future Technologies Fund (from which £100 million was raised by the EIF itself) – which will also benefit digital and advanced manufacturing businesses.

The first investments will be made in UK venture funds, with cash injections destined for technology-based businesses “where there are significant growth opportunities, driving the UK economy forward and creating highly skilled jobs”, the government said.

The UKIIF, which was launched in June last year by Prime Minister Gordon Brown under the government’s strategy for Building Britain’s Future - designed to build “a stronger, fairer and more prosperous country” – operates on a fund of funds structure, which means that monies will not be invested directly in companies but instead a small number of specialist, private sector technology funds which have the expertise to invest directly in technology businesses.

The idea is that by boosting the stream of venture capital available to these funds the UKIIF will help to propel investment in high growth businesses, including start-ups and spin-outs and those that have yet to book any profits or sales and are finding it difficult to raise cash in the current difficult economic climate.

And it seems the idea is starting to pay off. “Despite a tough market, the UKIIF goes from strength to strength,” said Science and Innovation Minister Lord Drayson. “Private funds have matched the government's investment and money can now flow into promising technology companies [and] this is just the boost these companies need as the economy returns to growth,” he remarked.

The BioIndustries Association has also welcomed the news. “The closing of the fund is a significant step towards delivering much needed funding to life sciences companies in the UK and it is important that the fund managers act quickly,” said chairman Clive Dix. “We now hope that a significant proportion of the fund will be used to help make the UK’s life sciences companies the most successful in the world”.

NEWS BY:http://www.pharmatimes.com

The Friends of Dulwich College - Grand Festive Fair 2011

Our ‘Deck the Halls’ annual festive event run by the Friends of Dulwich College, is in the final stages of planning and promises to be bigger and better than ever. With over 120 fabulous stalls, selling high quality gifts for all ages and tastes, it is an unmissable seasonal event. Many describe it as a one stop Christmas shopping day. We have been inundated with applications for stalls this year and have vendors travelling from as far away as Wales, Dorset & Norfolk to sell their wares. (do remember that we have no credit card facilities!)

Our hugely popular Food Hall will again have mouth-watering fare that rivals that in Knightsbridge , and this year we are extending our catering courtyard to a traffic free zone in the car park. Hot food, mulled wine and lots of other warming treats will be available. Our popular café run by the Junior School, will as ever, be a place to take a break over hot drinks and lovely home made baked goodies. There is festive musical entertainment planned alongside the café and this year the Art Department are staging an exhibition of their work, which can be purchased as unusual gifts for family and friends.

As always, we carefully choose a charity to which we donate a large proportion of our overall proceeds .This year we have decided to support Hassan White a Dulwich College pupil who was sadly involved in a road accident last year and is only just learning to take his first steps again after months of recuperation. We hope to support his recovery by the purchase of a special piece of equipment for him. We do not usually charge an entrance fee for the fair but this year we will have buckets at the doors for donations of change for this worthy cause.  Please dig deep into your pockets for him.

Staff members are again donning their boots for sporting entertainment, so do take time out to watch their endeavours! They will also be raising money for Hassan. Our U15 footballers will be raising money to help towards their tour costs and will be organising Beat the Goalie competitions. They are also planning to wash cars while you shop (weather permitting).

Our raffle promises to be another star attraction and all proceeds will go this year to Childline.

Last year we introduced a Fun Zone, run by our Lower School Boys. By popular demand we are repeating this as it was not only huge fun for our younger visitors but also allowed the boys to raise money for charities close to their own hearts.

Our smallest guests will be charmed by the elves in our Santa’s workshop and all visitors receive a fabulous Christmas Gift from the man himself.

We hope to see you at this fabulous event ….wrap up warm and do bring good weather if you can….

NEWS BY:http://www.dulwich.org.uk/college/news-events/events/college-events/2011/10/06/the-friends-of-dulwich-college---grand-festive-fair-2011

Merger to create new university for Scotland

Scotland is a step nearer having a new university following ministerial approval to merge an existing higher education institution and further education college.

Unless any Scottish MPs lodge an official objection to the plan in the next 21 days, which is thought unlikely, then the proposal to join Paisley University with Bell College to create a new university will go ahead on August 1.

The merger will for the first time bring a university to Lanarkshire in the west of Scotland and create the largest school of health, nursing and midwifery in Scotland. A name for the new higher education institution has yet to be decided but there is already a proposal on the table to call it the University of the West of Scotland.

Alex MacLennan, the principal of Bell College and vice-principal designate of the merged institution, said: "Having a university presence in Lanarkshire is hugely important for the area and this announcement brings us one step closer to making this a reality.

"[The] merger will reap tremendous benefits for us, opening up higher education opportunities for many more thousands of people across the west of Scotland. It will give us the opportunity to offer a wide choice of high quality, career-focused programmes from a new and distinctive regional university with strong international links."

His enthusiasm for the new university was shared by the principal designate of the merged institution, Seamus McDaid, currently principal and vice-chancellor of the University of Paisley.

He said: "We aim to have a transformational influence on the economic, social and cultural development of the west of Scotland through the provision of high quality, inclusive higher education and innovative applied research.

"The merger is good news for both the University of Paisley and Bell College as it will permit us to engage in developments of a scale that we could not have done as independent organisations."

Robert Pattinson, Sarah Palin And “Prometheus” In New TRAILER PARK

Three trailers have reached the Web as people attempt to scurry away from their laptops and enjoy the holidays with friends and family. But they are worth watching, so take a moment and enjoy the cinematic teases.

First, Ridley Scott has dropped our first look at “Prometheus,” a sci-fi adventure with a stellar cast (Michael Fassbender, Charlize Theron, Noomi Rapace) that most thought would be a prequel to his seminal “Alien” (and many still believe will be connected somehow). Either way, Scott’s return to science-fiction heralds attention no matter what he’s attempting, and so “Prometheus” is high on our radar heading into 2012.

Next up is “Bel Ami,” Robert Pattinson’s steamy period romance that finds the “Twilight” heartthrob sleeping his way through Europe in search of wealth and power. Now that sounds like a tough task for the young actor, don’t you think? “Bel Ami” opens in March. The trailer is an MSN exclusive.

Finally, Julianne Moore and Ed Harris tackle real-life politicians Sarah Palin and John McCain in HBO’s “Game Change,” the adaptation of the best-selling book about their failed presidential campaign. “So find me a woman,” Harris’ McCain says when looking for a game-changing running mate. And Moore’s impersonation of Palin is a game changer, indeed.

I take it back. That’s not an impersonation. That’s the spitting image of Palin. It’s scary. And the movie looks scary good, no matter what side of the political fence you fall on. All three films will be out next year.


Source:
hollywoodnews.com