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10/06/09 5:22 AM

#372 RE: mick #371

Russia aims to be nanotech leader
12 minutes ago
(AP:MOSCOW) President Dmitry Medvedev says Russia is thinking big when it comes to nanotechnology.

Medvedev told an international nanotechnology forum that Russia aims to be a world leader in an industry he said has vast potential. He stressed that Russia needs to stop coasting on its income from energy exports and diversify its economy.

Nanotechnology allows scientists to manipulate materials at the molecular level, and nanomaterials have come increasingly into use.

Medvedev cited estimates that nanotechnology could be a $2 billion (euro1.37 billion) to $3 billion industry by 2015.

The Kremlin has set up a state corporation to oversee nanotechnology.