The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Friday, 26th June 2009 (1018 views)

A nanotechnology centre in the US has taken a step closer to receiving $500,000 (£303,000) in funding after a bill containing the proposal was approved by the Senate Appropriations Sub-committee.

Senators Charles Schumer and Kirsten Gillibrand have worked to ensure the bill was passed and it will now go before the full Senate Appropriations Committee.

If approved, the money will be used by the University at Albany's College of Nanoscale Science and Engineering to invest further in the development of new nanoscale production, something that often involves the use of gold.

"This is a great investment for the state of the art research at our world class facility at University at Albany," Senator Gillibrand stated.

She added that nanotechnology research and development is a "critical part" of economic growth, noting that she will continue working to ensure that New York "receives its fair share of federal dollars".

Elsewhere in the nanotechnology sector, Nicholas Chan, a Hong Kong government official, recently stated that the country aims to increase its investment in nanotechnology in order to become a world leader in the market.

 

« Back to Gold News stories