A funding of £420,000 has been granted to the University of Surrey for using nanotechnology for developing cancer treatments. Supported by the EU under the Marie Curie scheme, this funding is a part of the project ‘Multifunctional Carbon Nanotubes for Biomedical Applications’. Though carbon nanotubes are already being used in the field of engineering but up till now it has found very few applications with the biological systems. Still a lot needs to be achieved before new drugs are developed based on this technology and it is expected that in the future we would have better treatments for cancer. If an interaction between these two fields increases, definitely we would be able to develop effective treatment not only for cancer but also a host of other diseases.