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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 Ł100m. 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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