When Russia launched the first-ever satellite into space 50 years ago on 4 October 1957, it was an event that won worldwide admiration. There was some trepidation too. With the Second World War barely over a decade earlier and the Cold War in deep freeze, West Europeans were understandably a little nervous at the thought of Soviet “Sputnik” satellites floating over their territories.

As the 8th annual OECD Forum in May showed, everyone agrees that innovation is important, but not everyone agrees on the reasons why.

Biotechnology and genetics research have been the subject of extensive investment by both the public and private sectors, with a growing impact on healthcare. Advances in medical genetics promise faster, better, diagnosis as well as a new generation of targeted therapies.