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September 19th, 2005
Diamonds in the Rough
Private investments in all clean technologies are on the rise ($1.2 billion for 2004, up 3.4 percent, according to Cleantech Venture Network). But the hottest area is nanotechnology, which deals with materials and devices manufactured on the scale of nanometers, or billionths of a meter. U.S. corporations and venture capital firms are funneling an unparalleled investment into the field, about $2 billion a year - almost half of all venture investments worldwide. The feds and states are also investing heavily.
In a poll of 63 experts from around the world, the University of Toronto Joint Centre for Bioethics compiled a list of the top applications for nanotechnology in 10 years. All of them are directly related to environmental concerns.
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