Editorial Feature

Nanotechnology in Australia Market Report

Australia is known globally for the dedication it puts into the research and development of the newest and brightest fields of science and technology, and, nanotechnology. The country is investing money, time, and their smartest minds into developing nanotechnology so that its various industries, including agriculture, IT, health, energy, and aeronautics can benefit from innovations in this field.

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Major global industry players in almost all sectors have already benefitted from advances made in Australian nanotechnology, including The Boeing Company and Airbus Deutschland GmbH in the sector of aerospace, Intel and Sony in the IT sector, Merck and Pasteur Institute of France in the healthcare industry and more.

In 2018, the GDP per capita for nanotechnology in Australia was a huge $51,545. The gross domestic product was $1,432,195.2 million, ranking it 13th in the world. These figures demonstrate how Australia is one of the worlds most established players in the nanotechnology industry.

An Attractive Location for Nanotechnology Research

Known worldwide for its strengths in its robust research and design infrastructure, alongside its enterprising population, supportive government, and stringent IP protection, Australia has become an attractive location to develop nanotechnology, advancing it and finding new applications for it. Companies based in Australia are emerging as some of the worlds best, with Australia-based Starpharma Holdings recently being named one of the worlds top 20 nanotechnology companies.

With such a strong scientific support base and government funding, nanotechnology research and development is thriving in Australia.

Research and Design

Even before nanotechnology, the scientific sector in Australia was established as a highly innovative community, which had supported its scientists and workforce in developing the skills and knowledge to perform cutting edge research. For example, the country is recognized for being advanced in its clean energy projects. The field of nanotechnology has taken advantage of the infrastructure that is already in place to allow the country to have already made significant scientific breakthroughs in nanotechnology, that will likely continue.

A network of well over 75 nanotechnology research organizations, as well as more than 80 nanotechnology companies, are established in Australia, providing a strong network to support a growing number of nanotechnology projects.

Funding

The Australian government is known for being highly supportive in research and design in all scientific fields, and recent years have seen it put a lot of money specifically into nanotechnology. Since the beginning of the nanotechnology boom, Australia has pumped money into the industry. In 2004, it was ranked 8th in the world in terms of research and development investment into nanotechnology, having invested AUD 8.4 billion between 2004 and 2005.

The country has a history of initiating long-term, multi-million dollar schemes to support nanotechnology projects. The Backing Australias Ability” is one example of these strategies where the government invested billions to support the research and commercialization of nanotechnology. State and territory governments and the private sector also provide significant levels of funding. Government agencies and international research institutes also have a strong record of investing in nanotechnology projects in Australia.

The country has also invested a considerable amount in the establishment of numerous world-class institutions focused on developing nanotechnology, such as the Sydney Nanoscience Hub at the University of Sydney which cost $150 million.

Enhanced Public Awareness

Analysis of the Australian population has found an enhanced public awareness of what nanotechnology is and how we may benefit from it. A recent survey found that 76% of the public were aware of nanotechnology, and 85% were excited or hopefulabout the outcomes of the science. These findings demonstrate that there is a high level of support and acceptance for nanotechnology in Australia.

Recent Noteworthy Projects

The result of a fantastic research and design infrastructure, significant funding, and an accepting population has generated numerous noteworthy nanotechnology projects, including work being conducted at the Microsoft Quantum Laboratory at Sydney University; the recognized work of Professor Saleh Sukkarieh, Sidney Nanos nanorobotics project leader; the development of the trusted provider of firmware solutions for quantum computing technologies, Q-Ctrl; and Dr. Liz News work on molecular imaging and medical chemical sensors that has been recognized by the Rennie Memorial Medal Award.

Future Directions

Australia has seen early success in the nanotechnology market, a success which is likely to continue to gain momentum as the country aims to reap the benefits that nanotechnology will bring.

Sources:

https://statnano.com/country/australia

https://nanotech.law.asu.edu/Documents/2009/07/Michael%20Vincent%20Invest%20Australia%20(2008),%20Nanotech%20Report_190_7137.pdf

https://sydney.edu.au/news-opinion/news/2017/11/27/small-changes-mean-big-opportunities--ainst-becomes-sydney-nano.html

https://www.science.org.au/files/userfiles/support/reports-and-plans/2015/nanotech-research-strategy.pdf

Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.

Sarah Moore

Written by

Sarah Moore

After studying Psychology and then Neuroscience, Sarah quickly found her enjoyment for researching and writing research papers; turning to a passion to connect ideas with people through writing.

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