J. Craig Venter has won this year's Economist Innovation Award for Bioscience. Dr Venter, president of the J. Craig Venter Institute (JCVI)(www.jcvi.org), Is to be honoured for his genomic research and its potential "to revolutionise personal medicine, pharmaceuticals and biofuels." At the forefront of genomic research for almost two decades, Dr Venter's discoveries have been said to open up the scientific research of the microbial world and how it affects humans.

Commenting on his award, Dr Venter said: "We are now in a world 100% dependent on scientific innovation. Innovation is the key driver for success, especially in challenging economic times."

The award will be presented at a ceremony at London's Science museum on October 29th. The Economist's Innovation Summit, focusing on the interface between innovation and business, will take place the following day.

For more information on the winner and the award, click here.