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Home > News > In Recession, States Bet On Nanotech

February 15th, 2010

In Recession, States Bet On Nanotech

Abstract:
When Jim Mason envisions the future of his home state of Oklahoma, he didn't just see oil. He thinks about nanoparticles far too small to see.

About a decade ago he had read a document by the National Science and Technology Council predicting that nanotechnology would completely upend manufacturing. Mason, who works for the Oklahoma Chamber of Commerce, was trying to convince state legislators to set aside millions of dollars to spark new nanotechnology-driven research and businesses in the Sooner State.

In the ensuing ten years, the science of the ultra-tiny has new companies like Rupture Pin Technology, which uses carbon nanotubes to reinforce high pressure oil and gas valves.

And Oklahoma has joined the great nano gold rush. It is pinning a part of its economic hopes to cashing in on claiming a chunk of an industry that, according to the the technology research firm Lux Research, will jump from $147 billion in 2007 to a staggering $3.1 trillion by 2015 in "nano-enabled" products— everything from drugs and computer chips to clothing and food packaging.

Source:
newhavenindependent.org

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