With limited resources, Hong Kong has yielded significant output in nanotechnology research.
This was the message from Secretary for Commerce, Industry & Technology Henry Tang in the Legislative Council today.
Mr Tang said Hong Kong's approach is to focus on specific niche areas in which we are strong, such as in nano-materials.
He said one of our universities successfully fabricated the world's first single-walled carbon nanotubes with a diameter of 0.4 of a nanometre in 2000.
Our universities' research work on carbon nanotubes and nanostrcutures have also been published in highly prestigious international journals.
Mr Tang said in the past five years $160.9 million was allocated from public-sector resources, notably grants from the Research Grants Council and the Innovation & Technology Fund, to nanotechnology research carried out at local universities.
These grants have attracted an additional contribution of $36.7 million from the industry through donations and sponsorship.
He said the commercial application of nanotechnology is at an early stage worldwide, and it is premature for Hong Kong to assess the economic benefits of nanotechnology applications.
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