Big boost for tiny technology

Micro- and nanotechnology projects across the UK are set to get a Government boost of nearly £10 million, Trade and Industry Secretary Alan Johnson announced today.

The funding is the latest money allocated from a £90 million fund aimed at unleashing the commercial potential of these technologies. It will be allocated to six new projects which will create facilities that are open to all, and will help the UK transform new ideas into business success.

Johnson said, "Worldwide it has been estimated that the market for nanotechnology alone could be worth £1 trillion by 2013. The benefits to the UK economy from exploiting the opportunities this represents should not be underestimated.

"Nanotechnology promises more for less: smaller, cheaper, lighter and faster devices with greater functionality, using fewer raw materials and consuming less energy - from antibacterial wound dressings to self-cleaning windows.

"The funding for these projects announced today emphasises the DTI's focus on placing science and innovation at the heart of the department's work."