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August 16th, 2004
Nanotech funding to grow to $8.6 billion
Corporations, governments, universities and others will spend an estimated $8.6 billion on nanotechnology research and development in 2004, and the private sector will account for a bigger proportion of the total. Spending on nanotech research will more than double from the estimated $3 billion level level of 2003, according to an annual state of the industry report from Lux Research, a consulting company that studies the industry.
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