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Nanotechnology Foundation to be established soon

Islamabad: In order to keep up with the rapid technological advancement, a foundation for nanotechnology will be established soon to build international, public and private collaboration and alliances with strategic partners in order to acquire new technologies.

The Pakistan Foundation for Nanotechnology would formulate five and 10-year plans for nanotechnology and help entrepreneurs set up new companies and move successful innovations to technological clusters, an official of the Ministry of Science and Technology said.

“In the past few years, the application of fundamental discoveries has developed multi-billion-dollar product lines,” he said.

The official said the ministry was planning to set up a centralised national research facility for developing nanotechnologies and products.

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