News of the WeekFrance

Sarkozy's 'Grand Loan' Bets That Research Will Pay Off

+ See all authors and affiliations

Science  18 Dec 2009:
Vol. 326, Issue 5960, pp. 1613
DOI: 10.1126/science.326.5960.1613-a

You are currently viewing the summary.

View Full Text

Summary

On Monday, president Nicolas Sarkozy announced a €35 billion investment plan that he pledged would make France's science more productive, its population smarter, its economy more competitive, and its environment cleaner. The plan was originally envisioned as an economic stimulus similar to the one passed by the United States earlier this year but has been rebranded as an investment in the "France of tomorrow" because Sarkozy is betting heavily on research, higher education, and innovation. It sets aside almost €8 billion to establish a handful of elite academic centers, and €3.5 billion for turning research into products and services.