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G'day for Australian nanotechnology

Everyone was in high spirits at the Invest Australia booth following the news of a multimillion dollar nanotechnology funding boost by the Australian government.

Officials hope that the AUD$21.5mn investment will capture the full benefits of Australian nanotechnology and at the same time address health, safety and environmental issues. According to Invest Australia, the country has over 60 nanotechnology-based companies and around 90 research groups working in the area.

"A national strategy means that we can put everything together, which makes it easier for people, especially people overseas, to find out what's going on in Australian nanotechnology." Fred Welz, Invest Australia's senior investment commissioner for North America, told nanotechweb.org. "The goal is to encourage more innovation and to support the industry."

Posted by James Tyrrell on May 23, 2007 7:55 PM | Permalink