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The presence of local funds for research and development is a distinct advantage.
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In those instances when such research leads to a novel technology, it is the role of the NIH and recipients of NIH funds to disseminate the research findings and, as appropriate, pursue further development to bring technologies to practical application to benefit the public.
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The Multiple Myeloma Research Foundation, which encourages research collaborations between academia and industry and funds drug development, is also conducting a study whose results could be used to profile which patients will benefit from which treatment combinations.
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Some of the funds will also be spent on a research and development lab for the creative industries.
BBC: Tremough Campus
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In the long term, saving gives companies the funds to invest in new equipment and in research and development.
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