European Union to spend 3 bn Euro on Nanotechnology

4 March 2008

The European Commission is looking forward for applications of lab scale nanotechnology and have ambitious plan to spend 3 bn euro on nanoelectronics research and 2.5 bn euro on embedded computer systems during next 10 years. The commission expects that both these programmes will improve a number of consumer and industrial products.

The joint technology initiatives by the ENIAC and ARTEMIS are aimed to bring private and public stakeholders together to develop new and advance nanotechnologies. Nanoelectronics and embedded computer systems are two new advance areas and are already playing key roles in many devices.

Mobiles and credit cards devices are already based on embedded special purpose computer systems and international market for such systems is over 60 bn euro with a predicted growth rate of over 14 percent. Further miniaturisation can enhance day to day life such as computer controlled vehicle engines that can reduce carbon emissions.

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