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Bio-tech incubator

BEIJING: Work began on Asia's largest bio-technology incubator in the west of Beijing on Monday. The Ministry of Science and Technology's proposed China Bio-tech Research Centre is a 250,000-square metre building with laboratory and office space for at least 500 research groups and about 100 intermediaries. The building will include offices for representatives from government departments who will provide administrative support for bio-tech start-ups, research entities, incubators and branches from financial institutes and offices of global venture capitals. Wang Hongguang, director of the China Centre for Bio-technology Development said, ``We're going to provide a world-leading platform for bio-technological research and development, which can be used by hi-tech start-ups and even individual researchers.''

Statistics show that more than 40 per cent of senior-level biologists are working in the Great Beijing Area for some 40 per cent of China's total national biological research programmes. — Xinhua

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