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New Zealand Invests in Tech

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WELLINGTON, New Zealand, July 19, 2007 -- New Zealand is investing NZ$628 million (about $498 million) in new research programs in an effort to position the country at the forefront of nanotechnology development and the production of new supermaterials, a government funding agency announced yesterday. The Foundation for Research, Science and Technology (FRST) said the projects will also help the country develop its economy, manage its resources sustainably and respond to climate change. Most contracts will start Oct. 1 and can last as long as eight years. More than 30 organizations are receiving funding, including the...Read full article

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    Published: July 2007
    Glossary
    nano
    An SI prefix meaning one billionth (10-9). Nano can also be used to indicate the study of atoms, molecules and other structures and particles on the nanometer scale. Nano-optics (also referred to as nanophotonics), for example, is the study of how light and light-matter interactions behave on the nanometer scale. See nanophotonics.
    nanotechnology
    The use of atoms, molecules and molecular-scale structures to enhance existing technology and develop new materials and devices. The goal of this technology is to manipulate atomic and molecular particles to create devices that are thousands of times smaller and faster than those of the current microtechnologies.
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    quantum
    The term quantum refers to the fundamental unit or discrete amount of a physical quantity involved in interactions at the atomic and subatomic scales. It originates from quantum theory, a branch of physics that emerged in the early 20th century to explain phenomena observed on very small scales, where classical physics fails to provide accurate explanations. In the context of quantum theory, several key concepts are associated with the term quantum: Quantum mechanics: This is the branch of...
    quantum dots
    A quantum dot is a nanoscale semiconductor structure, typically composed of materials like cadmium selenide or indium arsenide, that exhibits unique quantum mechanical properties. These properties arise from the confinement of electrons within the dot, leading to discrete energy levels, or "quantization" of energy, similar to the behavior of individual atoms or molecules. Quantum dots have a size on the order of a few nanometers and can emit or absorb photons (light) with precise wavelengths,...
    superconductor
    A metal, alloy or compound that loses its electrical resistance at temperatures below a certain transition temperature referred to as Tc. High-temperature superconductors occur near 130 K, while low-temperature superconductors have Tc in the range of 4 to 18 K.
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