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August 7th, 2007

Panel: Nanotechnology could bring U.S. billions as world competes

Abstract:
A molecule measured in the billionths of a meter could mean billions of dollars in sales for U.S. companies, though the rest of the world chases closely behind, academics and experts say.

Nanotechnology, the engineering of molecules seen only through advanced microscopes, could be used in foods, fertilizers, health care products and the military, members of a panel at the University of Arkansas at Little Rock said Tuesday. However, those at the conference on nanotechnology acknowledged the field needs private and public investment, as well as ways to market its discoveries to fund future research.

"In the past, what was once perceived as blue-sky research is now recognized as a key technology, maybe the key technology in the 21st century," said U.S. Sen. Mark Pryor, D-Ark., who attended the meeting. "It's very critical the U.S. does not lose its competitiveness when it comes to nanotechnology."

Source:
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