Tuesday, February 13, 2007

Quote of the day

While eager to invest in nanotechnology, in the past two years some VC firms have been cautious to invest in specific nanotech companies for a variety of reasons. The primary reason being the lack of understanding of the technology and the nanotech market.

The US Nanotechnology Environment - Where is the business?

"We must always be vigilant when protecting America. Oregon firms are developing technology that will help make our nation safer and protect troops abroad. Many of the projects have applications beyond the battlefield. The investments we are making today will have lasting benefits into the future. This investment also sustains jobs ensuring Oregon's economy continues to grow."

~Senator Gordon Smith (R-OR)

Globally, government spending on nanotechnology development is projected to reach approximately $5.0 billion (U.S.) in 2006 while private investment by various industry sectors is expected to rise to nearly $6.0 billion in the same period.


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