The Burrill Report (May 16, 2011): An $800 Billion Genomics Payoff (.MP3,11.23 Mb)
The tenth anniversary of the publication of the draft of the human genome brought a flurry of critical press reports and commentaries about how the government project failed to deliver expected returns, but a new analysis from Battelle suggest otherwise. It finds the government’s $3.8 billion investment has delivered a nearly $800 billion economic impact. In 2010, genomics research and industry activity generated $67 billion in U.S. economic output and supported 310,000 jobs. We spoke to Simon Tripp, senior director of Battelle's technology partnership practice, about the impact of the human genome project, its tangible returns, and why he calls it “arguably the single most influential investment to have been made in modern science.”May 13, 2011
http://www.burrillreport.com/article-an_800_billion_genomics_payoff.html