on December 17, 2006
The Consiglio di Stato of Canton Ticino has agreed to invest 15 million swiss francs in research over the next 4 four to five years. The organizing principle of the investment is to favor three strategic areas; Biotechnology, Nano-technology and Scientific Calculation. The source of the funding is the one time windfall of 70 million Swiss francs from the sale of gold reserves by the Confederation. It is hoped that following this funding period 2007-2012 the Canton will consider including IRB funding as a permanent budget item thus guaranteeing greater stability and confidence, and allowing the IRB to engage in long-term strategic planning.