PRZOOM - /newswire/ -
Delhi, New Delhi, India, 2006/10/03 - With the government's efforts and contribution, UK nanotechnology industry is going to become a hub of new technological innovations in the times to come..
UK is all set to get an initial government grant of almost £18m for assignments pertaining to high-tech micro and nanotechnology, in an attempt to establish itself as a hub of new technological innovation.
This will help various Nanotechnology Firms to exploit UK's outstanding scientific achievements in this field and grab a piece of the growing Nanotechnology Market. The new venture is also attracting further industry and territorial expenditure, projected to overstep to give an encouragement to the prospective innovative Nanotechnology Market in the UK.
These are the initial fundings allotted from the Government's £90m micro and nanotechnology production projects grants for both, Nanotechnology applied research programs and new nanotechnology installations throughout the country. Additional fundings will be distributed in the following five years to accomplish the project.
UK's bid to develop an industrial facility and technical proficiency in nanotechnology through the MNT Network, according to many, is considered to be the controlling factor in the coming generations of IT industry and medicine. The expenditure by US government on nanotechnology research has increased too. In 2006, the leading agency for Education and Training, National Science Foundation (NSF), is making plans to instate about US $ 28 million for educational programmes after graduation.
Global Funding for Nanotechnology assignments are supposed to provide direct access of their technology to different companies and scientists. Mergers and Acquisitions in Nanotechnology are forged with the intention to drive research and commercial use into the future whilst seeing to it that scientists aren't copying each other's creation.
As per the latest released report by RNCOS titled "The World Nanotechnology Market (2006)"; UK has established a sound reputation of sustaining the growth of its Nanotechnology industry. The UK government's Nanotechnology is approximately spending £40 Million for the installation of its Micro and Nanotechnology (MNT) network. The UK MNT Network was constituted in tandem with the Regional Development Agencies to promote the commercial use of micro and Nanotechnology.
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