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July 27th, 2006
Nanotech Lures Bankers, VCs With Promise of $1 Trillion Market
Abstract:
After decades of hype and false starts, the National Science Foundation forecasts that $1 trillion worth of nanotechnology- enabled products will be on the market by 2015. This year, corporations and governments will spend more than $11 billion on nanotechnology research, according to Cientifica, a London-based consulting firm.
VCs are hovering, eager to create startups and then shepherd them to the public markets. Last year, venture firms invested $496.5 million in nanotech-related companies, 21 percent more than in 2004, according to Lux Research, a New York-based firm that studies nanotechnology.
Source:
bloomberg.com
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