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July 19th, 2007
New Zealand is investing NZ$628 million (about $498 million) in new research programs in an effort to position the country at the forefront of nanotechnology development and the production of new supermaterials, a government funding agency announced yesterday.
The Foundation for Research, Science and Technology (FRST) said the projects will also help the country develop its economy, manage its resources sustainably and respond to climate change. Most contracts will start Oct. 1 and can last as long as eight years.
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