Scientists say Australia needs nanotechnology

The nanotechnology revolution has brought a whole world of new applications, from medical breakthroughs to more powerful smartphones, but scientists say if Australia wants to harvest its benefits it must do more.
The technology is expected to generate three trillion dollars revenue globally by 2020.
Scientists say if Australia wants to capture a big share and make nanotechnology an economic driver, it needs to support the entire spectrum of nanotechnology development, including fundamental research, and it needs to guide the technology towards industry in an effective and timely way.
Professor Chennupati Jagadish from the Australian Academy of Science says a national strategy for nanotechnology development launched yesterday is aimed at improving Australia's ability to take part in the Asian Century, by putting the nation's capability on the international stage.