Nanotech: a tiny niche with grand applications

The vast majority of companies involved in nanoscience or nanotechnology development are still engaged in basic research. But Jaideep Raje of Lux says: “Many companies are in the final stages of the R&D cycle – a wave of innovation is set to hit the market in the next two to three years.”

I hope that forecast is accurate. Financial Times has a roundup on venture capital activity in nanotech. Several nanotech startups are mentioned if you wish to investigate further.

…However, a whole range of other companies using nanotech also provide environmental benefits, by making vehicles lighter and stronger, by providing novel products such as paint-on insulation (US-based Nansulate claims its nanocomposite insulation is “by far the world’s best thermal insulation medium”), and even by providing protection to renewable energy devices in inhospitable places, such as offshore wind turbines and marine energy devices.

“Nanotechnology is revealing itself to be commercially useful in different ways every day, both through new materials being made and by finding new applications for existing materials,” says Mr Harris.

“In 20 years’ time, most new technology will be nanotechnology. Nano may be a useless term because it will be so commonplace.”

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