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

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS
Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...

Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

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.

ROCKET SCIENCE Russia unveils new spacecraft design Russian Set To Install Soyuz Launch Systems At Kourou NASA Conducts Full-Scale Test Firing Of Orion Jettison Motor NASA in talks for Japanese spacecraft	LAUNCH PAD IBEX Satellite Ready For Integration With Pegasus Launch Vehicle Rockot To Launch European GOCE Satellite September 10 Arianespace Ready For Fifth Ariane 5 Launch Campaign IBEX Spacecraft Takes Major Step Toward Launch
SHUTTLE NEWS External Tank ET-128 Sets New Standard During Recent Shuttle Mission NASA Sets Launch Dates For Remaining Space Shuttle Missions NASA shuttle to take last flight in May 2010 Disaster plan in place for Hubble mission	STATION NEWS ISS Crew Inspired By Vision And Dreams Of Jules Verne Space Station A Test-Bed For Future Space Exploration Space chiefs ponder ISS transport problem, post-2015 future Two Russian cosmonauts begin new space walk
SPACE TRAVEL A Brief History Of Solar Sails Top US astronaut welcomes space tourism NASA Tests Parachute For Ares Rocket Oshkosh air show honors NASA anniversary	DRAGON SPACE China Aims For World-Class Space Industry In Seven Years Shenzhou's Spacesuit Showdown China's Astronauts To Wear Domestic, Russian-Made Suits Shenzhou's Unsuitable Dilemma
ROBO SPACE Robo-relationships are virtually assured: British experts Europe And Japan Join Forces To Map Out Future Of Intelligent Robots NASA Robots Perform Well During Arctic Ice Deployment Testing Eight Teams Taking Up ESA's Lunar Robotics Challenge	MARSDAILY NASA extends 'successful' Phoenix lander mission Mission Extended As Phoenix Confirms Martian Water Mars Express Acquires Sharpest Images Of Martian Moon Phobos Phoenix Lander Working With Sticky Soil

The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement