STAFF REPORTER THIS year, the Balearic government is to create a regional Institute for Research and Advanced Studies (IBREA), an organisation with aims to capture the services of 250 high level scientists. The project is part of the 2009-2012 Technology and Innovation Plan which carries an investment budget of 326 million euros.

Regional Economy and Innovation Minister, Carles Manera, announced the programme yesterday accompanied by Balearic president Francesc Antich. The president has recently returned from Brussels where the EU is keen to back specific projects in member states related to Climate Change and Research and Development (R&D). Manera said that IBREA will be in its embryonic stage this year when grants will be published and professional conferences arranged to attract cutting edge scientific personnel. Overall, the plan aims to bring in more researchers, create new infrastructure and encourage the growth of business involvement in R&D.

In another development, the Minister announced further government funding for the Recycling and Technology Park (parcBIT) on Majorca (pictured) where new premises will be built with European funding. The new Tourist Innovation centre promoted by Microsoft is to run from here and is expected to open “within a few weeks.”