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September 10th, 2004
Nanotech Ready for Big Changes Soon
Major changes are coming to the nanotechnology sector in the near future, including a sharp rise in acquisitions, failures and mergers among the roughly 1,500 companies worldwide involved in nanotechnology research and development, experts told United Press International.
In 2004, governments, corporations and venture capitalists will spend more than $8.6 billion worldwide on nanotech research and development, Lux Research reports, with national and local governments investing more than $4.6 billion of that total and established corporations spending more than $3.8 billion.
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