When Lord Mandelson laid out his vision for an "innovation nation" this week, scientists at the University of Cambridge will have listened to the message with mixed feelings.
The home of groundbreaking discoveries, from the electron to DNA, is enjoying unprecedented commercial success with some of its latest laboratory breakthroughs. The city has attracted venture capitalists, industry sponsors and management teams, all looking to share in the success of the "Cambridge Cluster" and its spin-outs.
Cambridge role in 'innovation nation' at risk as private sector cash dries up
