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NEW INDUSTRY DEVELOPMENT "New" industries are typically those experiencing high global growth rates, very short product life-cycles and rapid ICT convergence. Such knowledge-intensive industries are often facilitated by bio and nanotechnologies. The enhanced use of microelectronics is also a feature of many such industries. Commercial opportunities in new industries are moving beyond client and supplier relationships to broader collaborative opportunities emerging from major new international initiatives; for example telematics, SKA (super-radiotelescope), Galileo/GNSS (next generation global navigation), and others. The latter opportunities are realized through cluster activities which spawn multi-disciplinary projects; technology roadmapping, which sets the strategic direction for an industry, and sectoral capability mapping, which determines gaps in competencies/infrastructure as well as industry strengths. Consistent with the above, GIC services include:
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