New Oppourtunities

President Barrack Obama is expected to lift the ban on stem cell research which has been in action since 2001. But just lifting the ban is not satisfactory as federal funds need to be amplified as well. For example in 2007, the federal government allocated a mere $41 million to this research, compared with approximately $400 million invested by the states last year. Thus less young researchers are attracted to this field and also lack of embryonic stem cell research has held back the venture capital investments that are utmost important for any growing scientific research field.
Lifting of the ban has provided many institutions with the opportunities to grow and compete in the world market and Maryland is pitching in big time to become a world leader in stem cell research and regenerative medicine. A new centre for stem cell biology and regenerative studies has been launched in the University of Maryland. The University of Maryland and John Hopkins University will co-host the World Stem Cell Summit in Baltimore this fall.
Though research in US is going on well with the help of state and private funds but a co-ordination of both is required for mapping out priority projects and ultimately creating new high paying secure jobs in research fields and also irresistible opportunities for businessmen.