WASHINGTON, DC, May 9, 2013 /CNW/ - World is getting smaller. That will
be illustrated in Washington D.C. from May 12-16 not only by the number
of different nationalities represented, but also by the subject matter
of the Nano Science and Technology Institute (NSTI) Conference & Expo
Germany Trade & Invest will be at the NSTI explaining the latest developments arising in
Europe's innovation capital.
Yet while the product of the nanotechnology market is on the small side,
it is becoming a vast market. Some intelligence providers state that
the global nanotechnology market might have a value of up to US$ 3
trillion by 2015. It is one of the central themes in the eighth stage
of the 'EU Framework Programme', in which German industry players
traditionally take a significant share.
Little wonder that Germany is in on the act. Generally renowned as
Europe's leading light in R&D, Germany ranks number three in the world
in global nanotechnology patent applications, having splashed EUR 1.3bn
on nanotechnology R&D in 2010 (some 10% of the annual turnover).
According to the German Nanotechnology Association (DVN), that figure
rose to EUR 1.4bn in 2011. Half of Europe's nanotechnology companies
are German - the number of key German players in the nanotechnology
industry has increased by 50% since 2008, with a huge 61,000 employees
in the sector at the end of 2010.
"What's particularly special about Germany's nanotech industry is that
due to its healthy industrial foundation, the demand and the subsequent
creation of value added in industry is guaranteed" said Dr. Rainer
Müller, Senior Manager Nanotechnology at Germany Trade & Invest.
Germany Trade & Invest is the foreign trade and inward investment
promotion agency of the Federal Republic of Germany. The organization
advises foreign companies looking to expand their business activities
in the German market. It provides information on foreign trade to
German companies that seek to enter foreign markets.
SOURCE: Germany Trade & Invest
For further information:
Germany Trade & Invest