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Improved Governance Needed To Realize Nanotech's Benefits
Date:4/22/2008

Nanotech Expert Will Highlight Hurdles To Government Oversight & Gaining

Public Trust

WASHINGTON, April 22 /PRNewswire-USNewswire/ -- Without an improved governance structure, the benefits of nanotechnology may be difficult to fully realize because the public will not trust the cutting-edge technology, says David Rejeski, director of the Project on Emerging Nanotechnologies (PEN). Rejeski testifies on Thursday, April 24, before the Senate subcommittee on technology and innovation.

"Public trust is the 'dark horse' in nanotechnology's future," states Rejeski in his testimony. "If government and industry do not work to build public confidence in nanotechnology, consumers may reach for the 'No-Nano' label in the future and investors will put their money elsewhere. Public perceptions about risks -- real and perceived -- can have large economic impacts. For example, the European Union's ban on genetically modified foods, driven largely by public concerns, cost American farmers an estimated $300 million annually in lost sales and much more in products that never made it to the marketplace."

Congressional lawmakers are currently discussing amendments to and reauthorization of the 21st Century Nanotechnology Research & Development Act, which helps sets the roadmap for the annual $1.5 billion federal spending on nanotechnology research that is vital to ensuring the technology's success.

What: Senate Commerce, Science & Transportation Committee Subcommittee on

Science, Technology and Innovation hearing "National Nanotechnology

Initiative: Charting the Course for Reauthorization"

When: April 24, 2008, 2:30 p.m.

Where: Russell Senate Office Building Room 253, Washington, DC

Who: David Rejeski directs the Project on Emerging Nanotechnologies. For

the past eight years, he has also been the Director of the

Foresight and Governance P
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SOURCE The Project on Emerging Nanotechnologies
Copyright©2008 PR Newswire.
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