Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Huge Things Planned for Nanotechnology in Australia

Abstract:


A $21.5 million (US$17.8 million) to establish the National Nanotechnology Strategy

Huge Things Planned for Nanotechnology in Australia

SANTA CLARA, CA and Australia | Posted on May 23rd, 2007

Australia's nanotechnology is expecting further growth with the establishment of a $21.5 million (US$17.8 million) National Nanotechnology Strategy, announced by Prime Minister John Howard and Industry Minister Ian Macfarlane.

The four year strategy is part of the Australian Government's $1.4 billion Industry Statement which also includes tax breaks for R&D investors by extending eligibility for the 175% R&D tax concession.

Changes to the beneficial ownership test, effective from 1 July 2007, will allow companies to claim the tax concession for R&D projects undertaken in Australia, even if the intellectual property is held offshore. This will make it more attractive for multinational enterprises in technology intense sectors to establish or expand operations in Australia.

Australia's nanotechnology community is comprised of 65 nanotechnology companies and around 90 individual research groups, faculties, facilities and centres from research institutes across Australia. The local industry has increased significantly over the past three years, with the number of companies and research institutes increasing three-fold.

"Nanotechnology is a tiny technology with massive potential. It will have a significant impact in the 21st century, just as information technology had in the 20th century," said Fred Welz, Invest Australia's Senior Investment Commissioner for North America.

"Consumers are already benefiting from Australian nanotechnology products without even knowing it - from plastic bags that keep salads fresh in the supermarket, to cosmetics and water treatment solutions. This practical solutions-based technology offers investors exciting commercial opportunities," said Welz.

The Australian Government is committed to developing a globally-focused nanotechnology capability and is continuing to develop measures that will increase investment into this emerging industry.

"Nanotechnology has the potential to transform manufacturing, energy, environment management, electronics and communication by introducing new processes, products and services that could be worth up to A$50 billion [US$41 billion] over the next decade."

"The Government is investing $21.5 million to ensure Australia captures the full benefits of this exciting technology while addressing health, safety and environmental issues."

With the global market for nanotechnology estimated to be worth US$3.6 trillion over the next decade, Australia recognises the importance of its local industry continuing to be competitive in this emerging technology and ensuring that Australia has world class businesses based on world-class innovation. Nanotechnology is increasingly becoming an integral part of transforming other industries and helping them to become more globally competitive.

Australia's world-class nanotechnology strengths include energy-related technology, nano-bio, and across water-treatment and environmental nanotechnology research. Australia's Commonwealth Science and Industry Research Organisation, CSIRO, has undertaken over 40 separate nanotechnology projects and over 60 nano-focused companies have emerged in the past five years. CSIRO's new A$36.2 million (US$30million) Niche Manufacturing Flagship will focus on developing nanotechnology applications, including high-value manufacturing industries such as scientific equipment and instrumentation and medical devices.

Australia has a reputation for scientific and technological creativity, and its powerful network of nanotechnology research organisations and companies is ensuring a rich flow of commercial products.

For comprehensive information and fact sheets about the Australian Government's Industry Statement visit:

http://www.industry.gov.au/content/itrinternet/ cmscontent.cfm?method=clientdisplay&objectID=572C46BC-F5DC-42BA- 7856D5B684345986&CFID=30611065&CFTOKEN=81911264

For more information about Australia's nanotechnology strategy visit:

http://www.industry.gov.au/content/itrinternet/cmscontent.cfm? objectID=415BEE1B-FC76-4A29-FD805BA48901D7F4

For more information about CSIRO's Niche Manufacturing National Research Flagship visit:

http://www.industry.gov.au/assets/documents/itrinternet/Niche% 20Manufacturing%20National%20Research%20Flagship20070430172413.pdf

For more information about the new change to the R&D tax concession visit:

http://www.industry.gov.au/content/itrinternet/cmscontent.cfm ?objectID=4150E527-DEAD-F739-17D52F830251B517

(Due to the length of the above URLs, it may be necessary to copy and paste these hyperlinks into your Internet browser's URL address field.)

####

About Invest Australia
Invest Australia is the Australian Government's inward investment agency that helps international companies build their business in Australia and offers investors a free, comprehensive and confidential service.

Between July 2002 and March 2007, Invest Australia played a verified role in attracting 357 projects worth approximately A$55 billion, with the potential to create more than 25,000 jobs and generate A$14.6 billion in export earnings.

For more information, please click here

Contacts:
DatelineMedia Communications USA LLC
Susan Fitzpatrick
650-798-5238


Sarah Duckett
650-798-5238

Copyright © Business Wire 2007

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Govt.-Legislation/Regulation/Funding/Policy

New analytical technology reveals 'nanomechanical' surface traits August 29th, 2014

New Vice President Takes Helm at CNSE CMOST: Catherine Gilbert To Lead CNSE Children’s Museum of Science and Technology Through Expansion And Relocation August 29th, 2014

Leading European communications companies and research organizations have launched an EU project developing the future 5th Generation cellular mobile networks August 28th, 2014

New technique uses fraction of measurements to efficiently find quantum wave functions August 28th, 2014

Announcements

A new, tunable device for spintronics: An international team of scientists including physicist Jairo Sinova from the University of Mainz realises a tunable spin-charge converter made of GaAs August 29th, 2014

Nanoscale assembly line August 29th, 2014

New analytical technology reveals 'nanomechanical' surface traits August 29th, 2014

New Vice President Takes Helm at CNSE CMOST: Catherine Gilbert To Lead CNSE Children’s Museum of Science and Technology Through Expansion And Relocation August 29th, 2014

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE