A report from Public Policy Institute of California says that California is still strong in biotech industry. What really interest me is its contrast with the IT industry. While biotech may turn out marvels in science, its not likely to be a powerful engine of economic growth. The report says "biotech is not an enabling technology like information technology that lays the foundation for other industries and promotes growth in many other sectors".

Original report is available online.

2005.04.27 [business] - comments (0)

Reuters reports low-cost computers and open source software making it cost less to invest in a startup. I always think open source is an under appreciated revolution. Not only is it redefining laws of economics and inspires people to collaborate, now it also form the basis of a low-cost computing platform and sprawl a new wave of innovations.

2005.04.03 [tech, business] - comments (0)