Nano Market To Hit 2 Trillion Dollars By 2015

NANO TECH

The corporation intends to invest around 70% of its budget on helping new companies at the early, high-risk stages of projects.

by Staff Writers
Denver CO (RIA Novosti) Aug 01, 2008
The global market for nanotechnology will be worth $2 trillion by 2015, the U.S. transportation secretary told an international conference of nanotechnology experts.

Rodney E. Slater, speaking at the three-day nano renewable energy conference in Denver, Colorado, which ended on Tuesday, said that during 2007 nanotechnology sales totaled $50 billion, and that with technological advancements sales this year will be around $150 billion.

The industry will grow to $800 billion by 2010, he said.

Slater said that over the past seven years the U.S. has invested around $8.5 billion in nanotechnology.

On the first day of the summit Michael Bruce, senior advisor for finance at the US Department of Energy's Office of Energy Efficiency and Renewable Energy, described nanotechnology as an important sector for national security, finance and environmental protection.

Russia was represented at the conference by a delegation from state nanotechnology company Rosnanotech, led by general director Leonid Melamed.

related report
Russia to invest $4 bln in nano research in next 4 years
Russia will invest a total of $4 billion in nanotechnology research over the next four years, the head of state corporation Rosnanotech told an international conference of nanotechnology experts.

Leonid Melamed led a Rosnanotech delegation at the three-day nano renewable energy conference in Denver, Colorado, which ended on Tuesday, said state nanotechnology funding plans adopted in 2007 focus on "nanotechnology research, which is coordinated by the Kurchatov Institute, and commercialization of nanotechnology projects, for which Rosnanotech is responsible."

The corporation intends to invest around 70% of its budget on helping new companies at the early, high-risk stages of projects. Rosnanotech will support the companies until they grow sufficiently to be independent.

"We finance projects irrespective of who the bidders are, and do not distinguish between Russian and foreign companies. I would like to draw your attention to the unique possibilities for developing and expanding business in Russia," he told the conference.

The company has so far received 500 applications from companies in Russia and other post Soviet CIS states.

Source: RIA Novosti

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NANO TECH

Nanotechnology: Learning From Past Mistakes

Washington DC (SPX) Jul 25, 2008
A new expert analysis in Nature Nanotechnology questions whether industry, government and scientists are successfully applying lessons learned from past technologies to ensure the safe and responsible development of emerging nanotechnologies.

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