From Learning English, welcome to As It Is! Im Jonathan Evans in Washington.
On our program today, we have two reports about technology companies. Two large Internet companies recently bought two technology businesses based in India. We will tell you about the deals later in the show. But first, our technology reporter, June Simms, tells about some American efforts to develop new businesses.
New York Invests Heavily in Biotech Development
New York City and the State of New York are investing hundreds of millions of dollars to become a major player in the development of high tech industries. They have developed 40 workspaces, known as incubators, to assist start-up businesses.
Harlem Biospace is an incubator for biomedical engineering. It gives young entrepreneurs a low-cost way to develop their ideas and businesses. For a low monthly payment, they are given desk space and use of a laboratory. The young people pay for their own raw materials.
This is great. The reason is because it is so cheap and it has the wet lab that we need. So I order chemicals that I need, and Im given the facilities here to do my experiments.
Tyler Poore and his partner are developing a product that will kill bacteria. It can be put on household goods, like a sponge for cleaning. He and the 17 others at Biospace share a common goal: to find solutions to biomedical problems.
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