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Home > News > Nanotechnology opens global opportunity of $1 trillion

December 18th, 2007

Nanotechnology opens global opportunity of $1 trillion

Abstract:
The experts in the field of Nanotechnology equivocally said that Nanotechnology cuts across all industries like Automotive, IT, Food, Health, Steel, Textiles, Energy, Paints, Cosmetics, Defense, etc and it provides a global opportunity of over $1 trillion by 2015. Bangalore Nano provided a platform for the researchers and industrialists from across the world to congregate and discuss opportunities existing in their part of the world. The event witnessed a series of presentations from selected speakers from India and abroad.



Speaking on the topic, Commercialization of Science, Sir Keith O' Nions, Director General Science & Innovation, Dept. for Innovation, University & Skills in UK said, "Nanotechnology is of all disciplines and it provides a global opportunity of more than $1 trillion by 2015. UK government has an annual funding for research of £100m. Through this, 23 centres have established to promote commercialization and more than 1300 companies are active in Nanotechnology. UK accounts for almost 1/3rd of all venture capital in Europe in the field of Nanotechnology. UK also set up and chaired ISO Technical Committee on Nanotechnology."

Source:
moneycontrol.com

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