Economic benefits
Return on Investment
12/06/13 16:28 Filed in: GenomeWeb Daily Scan
A new report from United for Medical Research and Battelle claimed that while the US government invested about $14.5 billion between 1988 and 2012 in the Human Genome Project, it has reaped $59 billion in tax revenue and $965 billion in economic impact. The report further suggests that the investment has lead to 53,000 genomics-related jobs and $293 billion in personal income. S. Pelech notes the timing of the release of the report with the reduction of NIH research funding through the sequestration, and challenges some of the conclusions of the study. He notes that there has been essentially no growth in employment in any of the various genomics sectors in the last 5 years. Read More...
The Genome and the Economy
18/06/10 13:34 Filed in: GenomeWeb Daily Scan
Mike Mandel at Mandel on Innovation and Growth has blogged that after a decade, the Human Genome Project has failed to deliver medically significant results, but he is optimistic that a significant economic impact will emerge over the next 5 to 10 years. S. Pelech argues that the true dividend from the sequencing of the human genome will not materialize until we can make sense of what all of the expressed proteins and functional RNA oligonucleotides are actually doing, but instead current efforts remain fixated on continuing to sequence the genomes of hundreds of different species and thousands of different people. Read More...