Gina Miller writes "AsiaBizTech reports: Singapore Backs Nanotechnology Business . Singapore's government is looking to move forward with nanotechnology promotion that would impliment disk storage and biological fields by cooperating with overseas bodies such as Japan. Although their budget is smaller than the U.S. and Japan, today it stands at S$65 million, larger than all previous nanotech budgets. In January of 2002, the National University of Singapore Nanoscience & Nanotechnology Initiative (NUSNNI) was established. Since that time Singapore has set up the Institute of Bioengineering, began began joint research with a U.S. venture, SurroMed Inc., in nanobiology and expected to announce further venture projects."