Nanotechnology (NanoTech) is revolutionising industries by enabling innovation at the molecular level, where materials can be manipulated atom by atom. This cutting-edge science is driving advancements in fields such as medicine, electronics, and materials science, offering new possibilities for more precise medical solutions, stronger and lighter materials, and enhanced energy efficiency.
While the field of technology is vast, NanoTech remains a specialised sector with immense potential for further breakthroughs. As industries seek more sustainable, efficient, and high-performance solutions, nanotechnology is becoming a key player in pushing the boundaries of traditional approaches. From developing nanoscale materials to nanoparticle-based systems, NanoTech is poised to transform multiple sectors in the coming years.
NanoTech is gaining increasing recognition as a catalyst for innovations across diverse industries, from medicine to energy and electronics. NanoTech enables the creation of materials with enhanced properties by manipulating them at the atomic level, which allows for breakthroughs like more efficient drug delivery systems, more durable and lightweight materials, and improved energy storage solutions. As industries strive for greater sustainability and performance, NanoTech is emerging as a key player, opening up new possibilities in areas such as renewable energy, semiconductor development, and biomedicine.
However, like any rapidly advancing field, NanoTech faces challenges that must be addressed. These include concerns around the environmental and health impacts of nanoparticles, regulatory hurdles, and the high cost of research and development. As NanoTech continues to push boundaries, the sector must balance innovation with ethical and safety considerations, ensuring that advancements are both responsible and sustainable, while adhering to evolving global standards on material safety and environmental protection.
The European nanotechnology market is expanding rapidly across various sectors, driven by innovations in areas such as healthcare, energy, and electronics. Data shows that in 2023, the nanotechnology market in Europe was valued at approximately €7.24 billion ($7.86 billion) and is projected to grow to USD 21.42 billion by 2030. The leading sectors driving this growth include healthcare, electronics, and energy, where nanomaterials and nanoscale innovations are making significant impacts.
The EU offers a range of funding opportunities for nanotechnology through several key programs, with Horizon Europe being the primary source. While Cluster 4 (Digital, Industry, and Space) is a major driver for funding nanotechnology research in areas like advanced materials, manufacturing technologies, and low-carbon industries, nanotech projects can also benefit from other clusters. Cluster 1 (Health) provides opportunities for nanotechnology applications in healthcare, and Cluster 5 (Climate, Energy, and Mobility) supports nanotech innovations aimed at energy efficiency and sustainable solutions.
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If you have a project idea for which you’d like to make use of funding available to bring it to life, then be sure to get in touch. With over 20 years of experience in funding procurement and participation in over 80 successful EU projects to date, AcrossLimits has a dedicated and experienced team that can help you draft proposals and apply to EU funding opportunities. With our expansive network spanning both the private and public sector as well as academia, we’re in pole position to cater to your needs.
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