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Home > News > How small science will have a big impact on Irelandís economic future

November 26th, 2009

How small science will have a big impact on Irelandís economic future

Abstract:
From miracle drugs to super-tiny computers, Ireland could win its share of a $3-trillion industry.

According to the Department of Enterprise, Trade and Employment, Ireland has more than 500 companies - multinational and indigenous - employing circa 130,000 people in ICT, medical devices and biopharmaceuticals.

These firms use nanotechnology for continued product innovation and competitiveness. Of the Ä150 billion in goods and services exported by Ireland in 2008, it is estimated that 10pc or Ä15 billion were enabled by nanoscience and related nanotechnologies. By 2015, these nanotech exports could reach Ä30 billion in value.

Globally, nanotechnology enables nearly $250 billion worth of products and this is on track to exceed $3 trillion in 2015. Next week, all the stakeholders in nanoscience in Ireland will hold Nanoweek to wake the country up to the opportunities.

Source:
siliconrepublic.com

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