€12 million in support to Dutch nanoelectronics cluster

Point-One Cluster was formed one year ago by the Dutch high-tech industry. The cluster has the objectives to achieve a leading position in the fields of nanoelectronics and embedded systems worldwide. Today there are 50 members in the cluster. By 2011, Point-One expects to achieve a 30 percent sales growth, to a total of €26 million, 20,000 additional jobs and a strong anchoring of the activities among SME businesses. The Dutch Ministry of Economic is now investing €500,000 for feasibility projects, €6,150,000 for R&D projects, and €5,400,000 for European projects.