NEW YORK, May 13 - Canadian and Spanish genomic research foundations signed an agreement last week to fund joint large-scale research programs shared by the two countries.
The three-year agreement, signed by Genome Spain Foundation and Genome Canada, will focus on "larger and more difficult genomics projects," Canada's international trade minister Pierre Pettigrew said in a statement.
"Canada and Spain share a common interest in the development of genomics research," he said.
The two countries plan to promote exchange between researchers, biotechnology, pharmaceutical, and venture-capital firms in order to identify large-scale projects that may be conducted cooperatively.
Through the agreement, the two countries will launch a competitive grant program in 2003. Spanish venture capitalists also plan to attend the Quebec City BioContact conference in October 2002.
The Genome Spain Foundation was established last month. It is modeled on Genome Canada, a non-profit genomic research foundation funded primarily through government money.