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Wednesday, 06 June 2007 14:42

Russia to invest billions in nanotechnology

Written by

 

Nanotechnology

 

 

State investment

 

Russia is to spend billions of US dollars on nanotechnologies in a bid o catch up with the West.

The government is to create Rosnanotekh, a state nanotechnology corporation with a budget of five billion US dollars (3.7 billion euros) that will inject funds into Russia's long-neglected science establishment.


The government has had to invest the money because local business is not interested. However the government is aware that it could fall a long way behind the US and EU if someone is not doing the research.
 

Last modified on Wednesday, 06 June 2007 18:22

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