A long stream of academic literature has established that public funding towards research and development matters for economic growth because it relates to increases in innovation, productivity and the like. In the recently published article “Public Funds and Local Biotechnology Firm Creation “ Kolympiris, Kalaitzandonakes and Miller demonstrate that increases in the level of funding for biotechnology research provided by the Federal Government are also closely related to increases in the number of biotechnology firm births in the US. (more…)