News Article
Big boost for industry of the small - nanotech
Australia's nanotechnology industry is set to expand with the establishment of the $21.5 million National Nanotechnology Strategy, announced by Prime Minister John Howard and Industry Minister Ian Macfarlane as part of the Industry Statement.
Australia's nanotechnology industry is set to expand with the establishment of the $21.5 million National Nanotechnology Strategy, announced by Prime Minister John Howard and Industry Minister Ian Macfarlane as part of the Industry Statement.
"Nanotechnology is a tiny technology with massive potential. It involves manipulating matter on an ultra-small scale to develop new products, devices and processes," Mr Macfarlane said.
"Nanotechnology is expected to have the same impact in the 21st century as information technology had in the 20th century. The global market for nanotechnology is estimated to be worth $3.6 trillion worldwide over the next decade. From the puffy plastic bags that keep salads fresh in the supermarket to sunscreens and self-cleaning paints, nanotechnology is all around us in ways we don't always see.
"The Government will commit $21.5 million to ensure Australia captures the full benefits of this exciting technology while addressing health, safety and environmental issues.
"Australia is already a world leader in nanotechnology. CSIRO has undertaken over 40 separate nanotechnology projects and over 60 nano-focused companies have emerged in the last five years. CSIRO's new $36.2 million Niche Manufacturing Flagship will focus on developing nanotechnology applications."
The National Strategy will draw together industry, researchers, the community and government to:
Establish a nano-particle measuring capability at the National Measurement Institute;
Address regulations and standards; and
Provide balanced advice to the community on nanotechnology.
"Australian industry must be competitive in this new technology. We must work hard to earn our place in an increasingly competitive global economy. The Government's 10 year, $1.4 billion Industry Statement, will ensure Australia has businesses based on world class innovation. Nanotechnology will be an integral part of transforming these industries and helping them to become more globally competitive," Mr Macfarlane said.
