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May 23rd, 2005

The Nanotechnology "Industry"

A few years back the National Science Foundation and its National Nanotechnology Initiative proclaimed that the “Nanotechnology Industry will be a $1 trillion industry by 2015.”

Well, now the US Government has addressed the issue in the President's Council of Advisors on Science and Technology (PCAST) recently released report, “The National Nanotechnology Initiative at Five Years: Assessment and Recommendations of the National Nanotechnology Advisory Panel.”

Here’s the part that captured our interest: “Any credible attempt to define a nanotechnology “industry,” therefore, will have to establish a threshold contribution level and explain why that level was chosen. This report does not attempt to choose or defend such a threshold.”


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