Ireland has a global reputation for leadership in nanotechnology, with three of its largest industries directly impacted by nano-science: Medical devices, pharmaceutical drugs, and information and communications technology.
Worldwide, nanotechnology is a major driver of economic growth and, while its overall contribution to world GDP is disputed, conservative estimates suggest it is a multibillion-dollar sector in high growth. That said, concerns over the risk posed by this emerging technology threaten to derail the bandwagon.
It is difficult to underestimate the potential of insurance in terms of improving the resilience of the commercial entities that make up the commercial nanotech sector and, by extension, its centrality to the very sustainability of that industry. The importance of SMEs at strategic junctures of the value chain of the sector further emphasises the importance of risk transfer.
SMEs in this sector are vulnerable to changes in risk perception on the part of key stakeholders, particularly the insurance sector. Without the ability to transfer risk or indeed access to insurance markets, the viability of many SMEs operating in this sector is questionable.
The nexus of a regulation, law, and insurance in many jurisdictions, particularly in the areas of workers compensation and environmental liability, means that without insurance operations, nanotech activity may be curtailed.
The ability to communicate risk effectively also has a major impact on regulators and investors, both key communities that sustain nanotechnology in Europe. In the medium term, maintaining, indeed creating, a vibrant sector will require an effective and robust risk-assessment tool.
To this end, researchers at the University of Limerick have assembled a consortium that includes some of the major players in risk governance and nanotech data from across Europe. The combination of major insurance syndicates, together with blue chip IT involvement in the area of artificial intelligence, represents an unprecedented joint effort to fulfil the long-standing ambition to create a state-of-the-art risk governance tool for the nanotech sector.
The contested nature of the nanotech toxicology/exposure field makes this an ideal case for a big data tool. The ability to analyse metadata represents a major step forward in terms of the risk governance of nanotech and of emerging technology more generally
The multidisciplinary team at UL effectively acts as a bridging point between the scientific community and those stakeholders that require more effective risk assessment. A deeper understanding and more granular view of the economic ecosystem that sustains the nanotech sector is an essential prerequisite for effective risk governance.
Our strategic goal is to develop a tool which will place the industry on a more sustainable footing. This will allow interested parties and key stakeholders to efficiently categorise risks pertaining to the sector. At the same time this project will address the key issue of nascent catastrophic risk.
Link:
Nanotech risks must be managed
- Electronic Materials Company Cambrios Announces Closing $14.5 Million Round - November 8th, 2009 [November 8th, 2009]
- Europe's 'Extreme light infrastructure' project gears up for launch - November 8th, 2009 [November 8th, 2009]
- Industrial nanotechnology processes getting closer - November 8th, 2009 [November 8th, 2009]
- Konsultation zum Austria Nano-Aktionsplan - November 8th, 2009 [November 8th, 2009]
- Bewegungen von Viren auf Membranen live verfolgen - November 8th, 2009 [November 8th, 2009]
- Thailand Nanotechnology Conference on health, energy, environment - November 8th, 2009 [November 8th, 2009]
- Samsung Intensifies Advanced Foundry Logic Process Development with New Semiconductor Research Center - November 8th, 2009 [November 8th, 2009]
- Infineon and TSMC to Jointly Develop 65nm Embedded Flash Process Technology For Automotive and Chip Card Applications - November 8th, 2009 [November 8th, 2009]
- Abraxis Health Dedicates State of the Art Nanotechnology and Biologics Facility in Phoenix, Arizona - November 8th, 2009 [November 8th, 2009]
- Beneq Announces The First Continous Mode Atomic Layer Deposition Research Tool - November 8th, 2009 [November 8th, 2009]
- An electron microscope with glasses - November 8th, 2009 [November 8th, 2009]
- Give your opinion on the Nanotechnology Research Code of Conduct - November 8th, 2009 [November 8th, 2009]
- Presentations from the OECD Conference on the Potential Environmental Benefits of Nanotechnology - November 8th, 2009 [November 8th, 2009]
- DFI Nanotechnology Expands Into China With Strategic Alliance in Hong Kong - November 8th, 2009 [November 8th, 2009]
- Pre-announcement: Call for proposals within 'Energy Efficiency with Nanotechnology' - November 8th, 2009 [November 8th, 2009]
- This week in nanotechnology - November 8th, 2009 [November 8th, 2009]
- New funding for development and deployment of UAlbany nanofabrication strategies - November 8th, 2009 [November 8th, 2009]
- Applied Materials Acquires the Assets of Advent Solar - November 8th, 2009 [November 8th, 2009]
- Advanced Researcher Grant 2009 an Nanowissenschaftlerin Luisa de Cola - November 8th, 2009 [November 8th, 2009]
- Ocean Optics Launches Dedicated OEM Website - November 8th, 2009 [November 8th, 2009]
- New synthetic molecules trigger immune response to HIV and prostate cancer - November 8th, 2009 [November 8th, 2009]
- Computer predicts reactions between molecules and surfaces, with 'chemical precision' - November 8th, 2009 [November 8th, 2009]
- Austria showcases its nanotechnology initiative - November 8th, 2009 [November 8th, 2009]
- Nanocapsules for artificial photosynthesis - November 8th, 2009 [November 8th, 2009]
- Work begins on laboratory for world's strongest microscope - November 8th, 2009 [November 8th, 2009]
- New cancer detection method with fluorescent silica beads - November 8th, 2009 [November 8th, 2009]
- Die Magnetisierung einzelner Atome manipulieren - November 8th, 2009 [November 8th, 2009]
- Novel nanoparticles could become a safer alternative to gene therapy delivered by viruses - November 8th, 2009 [November 8th, 2009]
- DOE awards Argonne, partners more than $7 million for solar energy-related research projects - November 8th, 2009 [November 8th, 2009]
- Magnetic nanoparticles to simultaneously diagnose, monitor and treat - November 8th, 2009 [November 8th, 2009]
- Study of ultracold atoms proves theory about universal quantum mechanism - December 13th, 2009 [December 13th, 2009]
- RUSNANO Supervisory Council approves nanostructured non-metallic coatings project - December 13th, 2009 [December 13th, 2009]
- Julian Wess Award for outstanding achievements in elementary particle and astroparticle physics - December 13th, 2009 [December 13th, 2009]
- New Pegasus300 Sold to Leading French Research Institute for CMOS Packaging - December 13th, 2009 [December 13th, 2009]
- Soitec Expands Into the Fast Growing Solar Energy Market With the Acquisition of Concentrix Solar - December 13th, 2009 [December 13th, 2009]
- Students send microbe nanobiotechnology experiment on Space Shuttle Atlantis - December 13th, 2009 [December 13th, 2009]
- Photovoltaic cells to power biological nanorobots inside the body - December 13th, 2009 [December 13th, 2009]
- Environmental and human health impacts of nanotechnology - December 13th, 2009 [December 13th, 2009]
- Elusive 'hot' electrons captured in ultra-thin solar cells - December 13th, 2009 [December 13th, 2009]
- Light-generating transistors to power labs on chips - December 13th, 2009 [December 13th, 2009]
- Combining rare-earth clusters with traditional metal catalysts reveals secrets of chemical transformation - December 13th, 2009 [December 13th, 2009]
- Hexagon Expands Its Offering in the Vision Metrology Business - December 13th, 2009 [December 13th, 2009]
- Azaya Therapeutics Receives FDA Authorization to Start Phase I Cancer Trial - December 13th, 2009 [December 13th, 2009]
- Researchers engineer bacteria to turn carbon dioxide into liquid fuel - December 13th, 2009 [December 13th, 2009]
- Argonne creates green home for world-class nanotechnology research - December 13th, 2009 [December 13th, 2009]
- The mechanism behind superinsulation may lead to new types of electronics - December 13th, 2009 [December 13th, 2009]
- Biosensors change color when they detect specific neural messages - December 14th, 2009 [December 14th, 2009]
- First measurement of cancer biomarkers in whole blood - December 14th, 2009 [December 14th, 2009]
- Nanoprobes hit targets in tumors, could lessen chemo side effects - December 14th, 2009 [December 14th, 2009]
- EYP/energy group joins UAlbany NanoCollege's National Institute for Sustainable Energy - December 14th, 2009 [December 14th, 2009]
- Scientists isolate new antifreeze molecule in Alaska beetle - December 14th, 2009 [December 14th, 2009]
- Ocean Optics XR-Series Spectrometers Cover 200-1050 nm Wavelengths - December 14th, 2009 [December 14th, 2009]
- All-in-one cancer-killing nanoparticle can be tracked in real time with MRI - December 14th, 2009 [December 14th, 2009]
- Nanobodies modifizieren die Form und Funktion von Proteinen - December 14th, 2009 [December 14th, 2009]
- Elias A. Zerhouni, M.D. to Join Leica Microsystems' Parent Company Board of Directors - December 14th, 2009 [December 14th, 2009]
- France to invest billions in nanotechnology - December 14th, 2009 [December 14th, 2009]
- AlphaRx Appoints President for its China Operations - December 14th, 2009 [December 14th, 2009]
- Vistec Enters Into Electron-Beam Lithograpy Project With Moscow University - December 14th, 2009 [December 14th, 2009]
- Record-breaking ultrasensitive spectrometer identifies trace gases in real time - December 14th, 2009 [December 14th, 2009]
- NanoMech Receives Navy Contract to Develop Nanotechnology Lubricant - December 14th, 2009 [December 14th, 2009]
- Heart cells display a behavior-guiding 'nanosense' on new lab-on-a-chip - December 14th, 2009 [December 14th, 2009]
- New curriculum mixes nanotechnology and skiing - December 14th, 2009 [December 14th, 2009]
- Rexahn and TheraTarget Form Nanotechnology Research Collaboration - December 14th, 2009 [December 14th, 2009]
- Unidym Enters Agreement to Integrate Carbon Nanotube Films Into LCDs - December 14th, 2009 [December 14th, 2009]
- Carl Zeiss Meditec Closes Financial Year on a High - December 14th, 2009 [December 14th, 2009]
- The Scott Partnership Appointed to Launch Innovative New Printed Electronics Business - December 14th, 2009 [December 14th, 2009]
- New Centre for Molecular Epidemiology to put bacteria on the world map - December 14th, 2009 [December 14th, 2009]
- New nanotechnology association established to address 21st century natural resource and energy security challenges - December 14th, 2009 [December 14th, 2009]
- Analysis of information gathering initiatives on manufactured nanomaterials - December 14th, 2009 [December 14th, 2009]
- OECD publishes manufactured nanomaterials roadmap 2010 - December 14th, 2009 [December 14th, 2009]
- New imaging technique allows quick evaluation of graphene sheets - December 14th, 2009 [December 14th, 2009]
- National Institute of Standards and Technology invests up to $71 million in new manufacturing, infrastructure research and development - December 16th, 2009 [December 16th, 2009]
- Southwest Nanotechnologies Recieves Two Prestigious Research Grants To Deveop A New Generation of Carbon Nanotubes - December 16th, 2009 [December 16th, 2009]
- Nanolithographic technique allows multiple chemicals on a single chip - December 16th, 2009 [December 16th, 2009]
- Study documents puzzling movement of electricity-producing bacteria near energy sources - December 16th, 2009 [December 16th, 2009]
- Erstmals Daten aus lebenden Zellen: Optisches Verfahren misst molekulare Reaktionszeiten - December 16th, 2009 [December 16th, 2009]
- New Constant Diameter NeedleProbes with Unique Ability to Measure Liquid Surface Properties by AFM - December 16th, 2009 [December 16th, 2009]
- Chemical Nanotechnology Talks X: Green nano - challenges of sustainability - December 16th, 2009 [December 16th, 2009]
- Patents Issued for Licensed PAL-M Super-resolution Technology - December 16th, 2009 [December 16th, 2009]
- International Network CONTACT researches the use of carbon nanotubes in various applications - December 16th, 2009 [December 16th, 2009]