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Home > News > How small science will have a big impact on Ireland’s economic future

November 26th, 2009

How small science will have a big impact on Ireland’s 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 €150 billion in goods and services exported by Ireland in 2008, it is estimated that 10pc or €15 billion were enabled by nanoscience and related nanotechnologies. By 2015, these nanotech exports could reach €30 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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