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Russia holds high hopes for nanotechnology

Posted: 06 Jul 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Russia nanotechnology corporation? nanotech project? nanotech research?

The lower house of Russia's parliament adopted on July 4 a law establishing a nanotechnology corporation.

The corporation's functions will include holding interactions among the government, the business sector and scientists on the implementation of the state policy on nanotechnology and the nano-industry, providing organizational and financial assistance to programs, and selecting nanotech projects.

First Deputy Prime Minister Sergei Ivanov, who is in-charge of high-technology development, in June said the government would allocate about $7.7 billion to develop nanotechnology until 2015. The government earlier announced it has set up a state council for nanotechnology, to be chaired by Ivanov.

Russian President Vladimir Putin highlighted high-tech industries in his state of the nation address in April, saying nanotechnology research, which promises advances in medicine, space research, telecommunications and weapons production, should receive priority funding.

"The government should provide the necessary funding to arrange this work in terms of technical equipment, staff and organizational support," Putin said.

Additionally, a council on nanotechnology will make assessments and recommendations on the development and practical implementation of scientific achievements in nanotechnology, promote the nano-industry and establish a market for nano-products and services.

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