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Nature 443, 897 (26 October 2006) | doi:10.1038/443897a; Published online 25 October 2006

Open Innovation Challenges

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London is seeking to compete with the Nasdaq as the preferred global venue for science-based companies trying to raise cash. Andrea Chipman reports.

When James Karis needed to raise funds last summer for his company Entelos, based in Foster City, California, he ended up looking far afield. Entelos, which builds computer models of disease for clients in the drug industry, raised the money through an initial public offering on London's Alternative Investment Market (AIM).