Nanotechnology, the science of small, will invade the key sector of economy in the next 10 years.

The development of Nanotechnology, the science of small, will have a great impact in the next 5 or 10 years, as it will invade the key sectors of the economy, and will give rise to what many analysts call 'The industrial revolution in 21th Century'. Its influence in the global economy will be so important that it is expected that, in 10 years' time, products produced with this new technology will mean around 2.5 billion dollars worlwide, more than twice the Spanish GDP. And it will also mean 15% of the market. Despite its incipient nature, this industry has a turnover of more than 200,000 million dollars. These are some of the conclusions contained in the last publication by the Bankinter Foundation for Innovation, 'Nanotecnología: La revolución industrial del S. XXI', which was presented last 16 May at the Faculty of Economicas and Business Studies, La Comercial.News

16 May 2006

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The conclusions reveal the new reality that hovers over our society and our economy with the arrival of this technology, and the consequences this will have on the Spanish corporate fabric. These conclusions were presented by Mr. Uzi Landman, Feyman Prize in Nanotechnology, Lecturer at the Centre for Computational Science, Georgia, Atlanta, USA. Other speakers included: the Director of Technology of the Basque Government, Joseba Jaureguizar, who spoke about the Basque strategy regarding nanotechnologies.

Nanotecnology is a series of multidisciplinary techniques that are used to manipulate matter at an atomic and molecular scale. It can be applied to different fields, especially those related to materials, electronics, biomedicine and energy. More resistant materials, faster and more powerful computers, more effective medical research and diagnoses, with a greater ability to respond to new diseases, an increase in low-cost and environmentally-friendly energy, are some of the examples of how nanotechnology will be able to revolutionise the potential in many fields as we see them today.

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