Source:Nanowerk
Author:n/a
A study recently conducted in Finland showed that the number of companies developing and utilizing nanotechnology increased from 61 companies in 2004 to 202 in 2008. The majority of these companies are in the chemical, information and communications, or health and wellbeing sectors. The industry currently employs 3,000 people and that number is expected to increase to 11,000-12,000 people by 2013. In 2008, for the first time, private investments in nanotechnology in Finland exceeded public investments. According to Pekka Koponen, CEO of Spinverse Ltd., the company that undertook the survey, “[M]any key sectors of Finnish industry have, after years of determined work, shifted from developing nanotechnology to commercialization of products. Utilizing the large research and development network creates new conditions for growth in the middle of a global downturn or structural change, which is already happening in the forest industry. Companies developing and utilizing nanotechnology are a significant source of economic growth both during the current recession and in the long run.” Companies researched said future challenges to growing the industry include funding, recruiting competent staff, and managing intellectual property rights. The article can be viewed online at the link below.