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News Release from: Yorkshire Forward
Edited by the Engineeringtalk Editorial
Team on 21 March 2005
Funds set to advance micro- and
nanotechnology
A GBP 5 million funding package for three university-based centres aims to help Yorkshire companies exploit an estimated $1 trillion global market in micro- and nanotechnology.
Yorkshire Forward has compiled a GBP 5 million funding package for three university-based centres to help the region's companies exploit an estimated $1 trillion global market in micro- and nanotechnology (MNT) Micro- and nanotechnology (MNT) is a specialist area of science and technology that operates below one millionth of a metre
This article was originally published on Engineeringtalk on 28 Sep 2004 at 8.00am (UK)
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It is widely believed that MNT will be one of the key technology growth areas for the 21st century, and the DTI estimates that the global market for nanotechnology products could be $1 trillion in the next decade.
The Yorkshire Forward investment is aimed at building capability in this globally important field, by helping projects with substantial commercial potential to move from the development stage to the open market.
The three projects being funded are: the Nanofactory, based at the University of Leeds in partnership with the Universities of Bradford and Sheffield, has been given GBP 2.121 million.
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The funds will be used to refurbish facilities and help to create the UK's first nanomanufacturing centre with a focus on consumer products.
The York-JEOL Centre for Nanolithography and Analysis, based at the University of York, has been given GBP 1.65 million.
The funds will be used to refurbish space and help to purchase new equipment to offer a world-class facility open to industry.
The Polymer Interdisciplinary Research Centre, based at the Universities of Sheffield, Leeds and Bradford and host to the new micro- and nanomoulding centre, has been given GBP 1.212 million.
The funds will used to upgrade key equipment and enable the centre to focus on the commercial development of nanotechnology in the fields of polymer and composite materials.
Micro- and nanotechnologies can produce sweeping changes in areas including environment, communications, health, security, manufacturing and energy production.
Microtechnology is already used in a range of common consumer products such as hard drive coatings in computers, chips in mobile phones and car air bag motion sensors.
Nanotechnology, a newer science, is used in products such as sunblock cream and bone replacements.
Susan Johnson, Executive Director of Business Development at Yorkshire Forward, said: "There is already a substantial presence in micro- and nanotechnology in our region but this investment will help businesses to really exploit this expertise and to bring new and exciting innovations to the market".
"The potential market in micro- and nanotechnology is huge and we want to make sure that, as a region, we are at the forefront of its commercial development".
"Helping these centres to become beacons for Yorkshire and Humber will also help us to develop national and international partnerships and increase inward investment to the region".
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