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Experts Predict Economic Boom From Nanotechnology
Written by Gizmo   
Tuesday, 20 March 2007 13:37

Carolina Newswire

North Carolina could experience the same economic returns from nanotechnology as it has in the past 30 years from biotechnology investments if the state capitalizes on its strengths in emerging technologies with support that leads to commercialization of its innovations, according to leading experts in science, education, and business who spoke at the second annual NC Nanotech Conference ( held March 13, 2007 at the Grandover Resort and Conference in Greensboro.

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Developed and hosted by the Piedmont Triad Entrepreneurial Network (PTEN), the conference is designed for entrepreneurs, executives and investors from across the region who have an interest in the wide-range of opportunities associated with nanotechnology and its commercial applications.

"Thirty years ago North Carolina did not have a biotechnology cluster," said Robert McMahan, Ph.D., Senior Advisor to the Governor of North Carolina for Science and Technology. "Now it is the third largest biotechnology state with more than 350 bioscience companies. North Carolina was successful in recognizing that investments in technology could be a driver for the economy. Today, such strategic and patient investments in nanotechnology capability and capacity at the 48 nanotech companies throughout the state can replicate the biotechnology success."

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