Singapore News

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Nano technology big in Singapore

Posted by jtsmyth8 on December 3, 2007

Some 40 local and foreign nano technology companies have set up shop here, dealing in anything from chemical engineering to cosmetics, a significant increase from just 10 companies three years ago.

‘The beauty about nanotech is that it is an enabling technology – it can be applied in any industry,’ said Spring group director of quality and standards Teo Nam Kuan.

Consumer demand for the industry is expected to grow to $1.05 trillion globally by 2010, said Minister of State for Trade and Industry S. Iswaran at the opening of the one-day Nanosymposium on Monday at the Biopolis.

But with such a wide array of applications, nano technology – the art of producing things on a molecular scale – unfortunately still lacks a unified set of standards and protocols, he noted.

The majority of nano technologies have yet to be commercialised, as uniform standards have yet to be established.

Interestingly, there are over 16,000 standards governing the production and use of anything from credit cards to DVDs and social enterprises, but none for nano technology. (story)

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