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October 22nd, 2009
Indonesian Government to Invest $26.5m in Nanotechnology
The government appears to be taking notice of the huge potential of nanotechnology to improve industrial competitiveness.
The Ministry of National Education will provide Rp 250 billion ($26.5 million) to fund nanotech research and development through 2010.
The Ministry of Industry will provide another Rp 15 billion.
"We will fund 60 studies on nanotech, as this is a sector that is taking off in the developed world," said Deddy Mulyadi, head of the research and development division at the Industry Ministry.
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